South Korea Extends Fuel Tax Cuts
South Korea will extend existing fuel tax cuts by two months through the end of November. The 15 percent cut on gasoline and 25 percent cut on diesel and butane aim to ease costs amid oil price volatility.
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South Korea will extend fuel-tax cuts through the end of November, saving consumers money as energy markets face ongoing turbulence. The extension maintains a 15% reduction on gasoline and a 25% cut on diesel and butane. The policy shields motorists from price swings in Brent Crude Oil driven by tensions in the Middle East.
