US EditionIndustry Minister Urges Cooperation From Oil Sectors in Implementing Fuel Price Cap System
The government launched over 800 inspections and found 20 cases of illegal fuel distribution to enforce the new cap system amid public cost concerns.
7 Articles
7 Articles
Prices Lowered at 4 Out of 10 Gas Stations Nationwide on First Day of Oil Price Cap System It has been confirmed that more than 4 out of 10 gas stations nationwide lowered their selling prices on the first day the government abruptly introduced the oil price cap system. According to the results of a full survey of 10,646 gas stations nationwide conducted by the Ministry of Trade, Industry and Energy as of 2 p.m. on the 13th,
The Korea Times
연합뉴스-Yonhap News AgencyIndustry minister urges cooperation from oil sectors in implementing fuel price cap system
Industry Minister Kim Jung-kwan on Friday urged oil refineries and gas stations to cooperate with the government's fuel price cap system introduced to ease cost burdens in the wake of the Middle East crisis. Kim made the call in a meeting with officials from Korean oil refineries, gas stations and the Korea National Oil Corp. held on the first day of the fuel price cap system implementation, according to the Ministry of Trade, Industry and Resou…
South Korea's Industry minister says fuel price cap system already showing price stabilisation effect
South Korea’s Industry minister says fuel price cap system already showing price stabilisation effect Seoul: South Korea’s Industry Minister Kim Jung-kwan said Friday the government’s fuel price cap system is already showing signs of stabilising prices less than a day after taking effect. Kim held a meeting with officials from South Korean oil refineries, gas […] The post South Korea’s Industry minister says fuel price cap system already showing…
South Korea’s Industry minister says fuel price cap system already showing price stabilisation effect
Seoul, March 13 (SocialNews.XYZ) South Korea's Industry Minister Kim Jung-kwan said Friday the government's fuel price cap system is already showing signs of stabilising prices less than a day after taking effect. Kim held a meeting with officials from South Korean oil refineries, gas stations and the Korea National Oil Corporation to review the domestic energy markets on the first day of the fuel price cap system's implementation, Yonhap News A…
Lee calls for close monitoring of gas stations as fuel price cap takes effect
Gasoline prices declined for three days before the government's fuel price cap went into effect. President Lee Jae Myung urged close monitoring of gas stations to ensure adherence to the cap
[Digital Daily Reporter Kim Yoo-jin] With the maximum oil price system going into effect today (the 13th), Minister of Trade, Industry and Energy Kim Jung-kwan once again urged for the stabilization of oil prices and the establishment of market order. The Ministry of Trade, Industry and Energy announced that Minister Kim Jung-kwan presided over a "Joint Inter-Ministerial Inspection Team Meeting" at the Korea Trade Insurance Corporation on the m…
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