Fuel prices at gas stations have dropped significantly since the government introduced a temporary price cap system last week, the industry ministry said Monday, vowing continued efforts to ease energy supply woes due to the Middle East crisis. The average gasoline price at gas stations nationwide came to 1,840.1 won ($1.23) per liter as of Sunday, down 58.7 won from Thursday, a day before the price ceiling system took effect, according to data compiled by the Ministry of Trade, Industry and Resources. The average retail diesel price dropped 77.8 won to 1,841.2 won per liter over the same period. The price decrease came after the government on Friday implemented a price cap system on products oil refineries supply to gas stations. The system was introduced to help ease cost burdens related to soaring fuel prices in light of supply concerns due to the conflict in the Middle East. The initial price ceiling was set at 1,724 won per liter for regular gasoline, 1,713 won per liter for diesel and 1,320 won per liter for lamp oil. The threshold will be readjusted every two weeks to reflect chan