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.
Average gasoline price at gas stations is 1840.85 won per liter… gas prices are on the decline, but the reduction rate is decreasing
The average gasoline price in South Korea fell slightly, but the reduction rate is decreasing following the implementation of a maximum price system for oil products.
Second Day of Maximum Oil Price Policy Sees Significant Drop in Fuel Prices…Gasoline at 1851.9 Won
On the second day of South Korea's maximum oil price policy, the average gasoline price dropped significantly, with a national average of 1851.9 won per liter.
Koo Yoon-cheol: Starting from tomorrow, the gasoline supply price will be 1,724 won, and diesel will be 1,713 won
South Korea's Deputy Prime Minister Koo Yoon-cheol announces a maximum price regulation for gasoline and diesel starting from midnight, aimed at alleviating consumer burdens amid rising oil prices.
[Breaking News] Maximum price system for oil to be implemented from the 13th... Timing for removal is undecided
The South Korean government will implement a maximum price system for oil products starting from the 13th to control rising oil prices amidst tensions between the U.S. and Iran.
Goo Yoon-cheol: The maximum price system will be adjusted by the supply price of refiners... Review of abolition at the level of 1800 won
The South Korean government plans to implement a maximum price system for oil products by controlling the supply prices of refiners, intending to maintain the system until oil prices drop to pre-war levels around 1800 won.
President Yoon: Additional financial and fiscal support including a maximum oil price system will be expedited
President Yoon emphasized the need for swift government actions to mitigate the impact of external shocks on the domestic economy, particularly regarding rising oil prices and their effects on livelihoods.
Oil prices surpass 100 dollars; maximum price system to be implemented this week... government takes bold action
The South Korean government is set to implement a maximum price system for oil amid soaring domestic prices due to the prolonged US-Iran conflict.