S. Korea To Expand Fuel Tax Cuts; Diesel From 10 To 25 Pct, Gasoline From 7 To 15 Pct
SEOUL, March 26 (Bernama-Yonhap) — South Korea will more than double its temporary fuel tax cut in a bid to ease the financial burden on consumers and industries amid the prolonged conflict in the West Asia, the finance ministry said Thursday, Yonhap News Agency reported. Under the latest measures to support people’s livelihoods, the current tax cuts — 7.0 per cent on gasoline and 10 per cent on diesel — will be expanded to 15 per cent and 25 per cent, respectively. The measure, which had been set to expire in April, will be extended through the end of May, […]
