Korea will extend the tax cut on fuel consumption by another two months as geopolitical uncertainties in the Middle East impact global oil prices.
The government will extend the tax cut on fuel consumption for another two months amid uncertainties surrounding the war in the Middle East, according to the Finance Ministry on Tuesday.
Korea will extend the tax cut on fuel consumption throughout the end of the year amid concerns about inflationary pressure caused by the outbreak of the Israel-Hamas conflict in early October.
Korea JoongAng Daily Sitemap