Oil Peak Prices Frozen for Another 4 Weeks… Emphasis on Public Livelihood Stability Despite Surge in Oil Prices
6 Articles
6 Articles
The government has decided to freeze the maximum petroleum prices at current levels for four weeks, effective from midnight on the 19th. Accordingly, based on refinery supply prices, the maximum prices are 1,784 won per liter for gasoline, 1,773 won for diesel, and 1,380 won for kerosene. On the 18th, Yang Ki-wook, Deputy Minister for Trade, Industry and Energy Security at the Ministry of Trade, Industry and Energy, stated, "We decided to freeze…
(Seoul = Yonhap News) Reporter Shin Chang-yong = The government will freeze the maximum prices of domestic petroleum products, including gasoline, diesel, and kerosene, for another four weeks.
The government has frozen the maximum price of petroleum products at the existing level. Although international oil prices have once again surpassed $100 per barrel due to continued instability in the Middle East, the decision was made not to raise the price ceiling, taking into account the burden on household prices and the downward trend in the exchange rate. The Ministry of Trade, Industry and Energy [froze] the 10th maximum oil price at the …
The government has decided to freeze the supply price caps for gasoline and diesel for the third consecutive time, maintaining them in the high 1,700 won range per liter. Although there are grounds for a price increase considering the surge in international oil prices due to the worsening situation in the Middle East, the decision to freeze was made in consideration of price stability and the decline in the exchange rate. The Ministry of Trade,…
Effective from midnight on the 19th… Subject to adjustment depending on the situation in the Middle East
The 10th oil price ceiling, effective from midnight on the 19th, has been frozen.
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