South Korea Lowers Fuel Price Caps Amid Falling Oil Costs
2026-06-26 07:47

Woofun AI reports that South Korea will reduce the upper limits on fuel prices to align with recent drops in international crude oil costs. Finance Minister Ku Yun-jeok confirmed the adjustment on Friday, noting that electricity and gas prices will remain unchanged for the remainder of the year. The minister emphasized that the price cap mechanism will persist until consumer prices achieve full stabilization.

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