South Korea, which gets roughly 70% of its oil from the Middle East, imposed its first price caps on gasoline and diesel fuel in nearly three decades. Since the U.S. and Israel launched their first ...

The South Korean government will take several measures this week, such as imposing price caps, lowering the fuel tax and extending subsidies on diesel, to mitigate the impact caused by rising domestic ...

South Korea will allow its refiners to export only the same volumes of gasoline, diesel and heating kerosene as they did for the same months in 2025, after imposing domestic price caps on various ...

Fuel prices at gas stations have dropped significantly since the government introduced a temporary price cap system last week ...

An expert has told GB News that the Government should avoid placing a fuel cap on petrol and diesel prices, even as motorists ...