South Korean Government Freezes Fuel Price Caps for Two Weeks

Gov't freezes price caps on fuel products for another 2 weeks

The government said Thursday it will maintain the current price ceilings on fuel products for another two weeks considering international oil prices and demand-side controls. Maximum prices for regular gasoline, diesel and kerosene supplied to gas stations by local oil refineries will remain unchanged at 1,934 won (US$1.3), 1,923 won and 1,530 won per liter, respectively, for the next two weeks, according to the Ministry of Trade, Industry and Resources. It marks the second consecutive time the

By The Korea Herald