South Korea extends fuel-tax cuts through end of November
South Korea will extend fuel-tax cuts for two more months through the end of November, keeping reductions of 15% on gasoline and 25% on diesel and butane to ease fuel costs amid Middle East-related oil price volatility, the finance ministry said.
South Korea will extend fuel-tax cuts by two more months through the end of November, the finance ministry said on Friday. The existing reductions of 15% on gasoline and 25% on diesel and butane will remain in place to help ease fuel costs amid Middle East-related oil price volatility, according to the ministry.