© Reuters. Kyong-ho Choo “Extension of oil tax cut for two months until October”… Considering international oil prices and public burden
[알파경제=임유진 기자] The government has decided to extend the fuel tax cut, which is scheduled to end at the end of this month, by two months until the end of October.
Deputy Prime Minister for Economy and Minister of Strategy and Finance Choo Kyung-ho held a press conference at the Government Complex Sejong on the 16th and said, “Considering the upward trend in international oil prices, we have decided to extend the oil tax cut until the end of October.”
“We will look at the international oil price trend after the end of October and set additional policies,” he added.
The government’s decision was made out of concerns that ending the cuts amid the recent rise in international oil prices could increase the burden on the public.
As a result, the 25% reduction in gasoline and 37% reduction in diesel and liquefied petroleum gas (LPG) butane will be maintained until October.
According to the Korea National Oil Corporation Opinet, the price of gasoline at gas stations nationwide is 1,730 won per liter, about 200 won higher than the 1,537 won in the third week of December last year.
2023-08-16 14:53:32
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