Firm sanctions imposed by the UN on North
\nKorea have now been in effect for over a month. Although rice prices and the
\nexchange rate in North Korean markets have remained relatively stable, the
\nprice of fuel has skyrocketed. <\/p>\n
On April 4, Daily NK spoke with a source in Sources in North Hamgyong Province and Diesel fuel prices have increased in tandem A major factor behind the price spike is Concerns that these prices will only Furthermore, April and May are the prime Citizens are divided over whether or not Firm sanctions imposed by the UN on North Korea have now been in effect for over a month. Although rice prices and the exchange rate in North Korean markets have remained relatively stable, the price of fuel has skyrocketed. On April 4, Daily NK spoke with a source in Ryanggang Province who confirmed these facts. […]<\/p>\n","protected":false},"author":145,"featured_media":32508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wikipediapreview_detectlinks":true,"footnotes":""},"categories":[645],"tags":[],"class_list":["post-32506","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"yoast_head":"\n
\nRyanggang Province who confirmed these facts. The price of 1 kilogram [the kilogram is the standard measurement of gasoline and diesel fuel in North Korea, though the liter is often used colloquially] o<\/span>f gasoline, which
\nwas 7,000 KPW [0.86 USD] at the end of March, increased in the first week of April to
\n10,700 KPW [1.32 USD].<\/span> <\/p>\n
\nPyongyang have corroborated this news, reporting that prices in their regions
\nare reflecting the trends prevailing in Ryanggang Province.<\/span> <\/p>\n
\nwith gasoline. In Hyesan, 1 kilogram of gasoline is going for 6,350 KPW [0.78 USD] at the markets,
\na 1,000 KPW [0.12 USD] increase over last month\u2019s prices.<\/span> <\/p>\n
\nthought to be the large-scale construction projects that are underway, the source
\nsaid, further noting that, \u201cWorkers mobilized for construction projects are
\nsaying that their worries are increasing at the same rate as fuel prices.\u201d<\/span> <\/p>\n
\ncontinue to rise are widespread. Of particular importance, because planting
\nseason is just around the corner, farmers are also trying to procure fuel
\nsupplies for themselves, increasing demand and further exacerbating the
\nsituation. This has been made more difficult by the fact that fuel previously
\nsupplied to the markets through smuggling is comparatively harder to come by
\ndue to intensified crackdowns on these activities. <\/span> <\/p>\n
\nmonths for catching mackerel, and June is when squid season gets underway. In
\nanticipation of this busy period, fishermen are anxious to get their hands on
\nfuel. \u201cAs the saying goes,\u201d the source said, \u201cfishing is survival, and the
\nfishermen anticipate huge losses this year if they fail to secure an adequate
\nsupply of fuel right now.\u201d<\/span> <\/p>\n
\nthe sanctions are responsible for driving the increase in fuel costs, the
\nsource added. Although some believe that this is the sanctions beginning to
\nshow their effects, others are blaming the military for siphoning off supplies,
\npointing out that prices for other goods have remained constant.<\/span> <\/p>\n","protected":false},"excerpt":{"rendered":"