South Korean Government Freezes Fuel Price Caps for Third Consecutive Time

Gov't freezes price caps on fuel products for the third straight time

The government froze the price ceilings on fuel products for the third consecutive time Thursday, in the face of continued volatility in global energy prices. The move is expected to help lower the living costs for ordinary people. Maximum prices for regular gasoline, diesel and kerosene supplied to gas stations by local oil refineries will remain unchanged at 1,934 won ($1.33), 1,923 won and 1,530 won per liter, respectively, for the next two weeks, according to the Ministry of Trade, Industry

By The Korea Herald