Other Stories

S. Korea to end tax cut on gasoline and diesel Updated: 2019-08-22 16:29:09 KST

Prices at the pump will start to rise next month when a tax break on fuel comes to an end.
The finance ministry says it will not extend the temporary fuel tax cut,… which means gasoline will go up around 50 U.S. cents a liter and diesel about 30 cents.
Last November, the government had cut fuel taxes by 15 percent for six months to help ordinary citizens and boost the economy amid rising global oil prices.
In May, the ministry extended the tax cut for another four months but made it smaller.
Industry watchers say, the decision was made due to concerns over shrinking tax revenues and because oil prices have come down.
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.
weather