Govt. to expand tax cuts on LPG butane next month; review stronger punitive measures against collusion

The government announced Thursday it will more than double fuel tax cuts on liquefied petroleum gas butane products starting next month, while pushing for stronger penalties against collusion, in a bid to stabilize market prices directly affecting people's livelihoods. Under the latest measure to support people's livelihoods, the current 10 percent tax cut on butane will be expanded to 25 percent until the end of June, according to the Ministry of Finance and Economy. The ministry said it made s

By The Korea Herald