Minister of Industry: "Oil Company Price Reductions Are Slow to Reflect at Gas Stations"
The South Korean government is enhancing management of maximum price regulations for petroleum products in response to rising international oil prices due to the Middle East crisis, while calling for faster implementation of price reductions at gas stations.
Diesel prices increase by 606 won in one day... plan to terminate contracts with 'betraying' discount gas stations
In response to a sudden increase in diesel prices by some discount gas stations amidst rising oil prices, the Korea National Oil Corporation has issued a public apology and announced plans for improvements.