The Highest Price of Oil Freezes again... Considering Prices Even at the $100 High Price
4 Articles
4 Articles
The government has decided to freeze the maximum petroleum prices at current levels for four weeks, effective from midnight on the 17th. 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. The Ministry of Trade, Industry and Energy announced on the 16th, "We decided to freeze the maximum prices after comprehensively considering the recent burden …
(Seoul=Yonhap News) Reporter Jang Bo-in = The government will freeze the highest price of petroleum for 4 more weeks.
With international oil prices exceeding $100 per barrel, the government has once again frozen the maximum price of petroleum products. This decision was made in consideration of the inflationary burden caused by high oil prices. The government also decided to review measures to manage petroleum product export volumes. As domestic oil consumption has decreased since the implementation of the price cap system, the refining industry [is threatening…
The government will freeze the maximum prices of petroleum products, including gasoline and diesel, at current levels.
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