South Korea to cut fuel tax by 15% to ease oil price burden

South Korea to cut fuel tax by 15% to ease oil price burden
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29.10.2018

MOSCOW (MRC) -- South Korea will cut domestic transport fuel taxes by 15 percent for six months from Nov. 6 to ease the burden of rising global oil prices on households and small businesses, the finance ministry said on Wednesday, as per Hydrocarbonprocessing.The gasoline fuel tax will drop by 111 won per litre to 635 won (USD0.5589) per litre. The diesel fuel tax will fall to 450 won a l

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