Seoul keeps fuel price caps unchanged amid Mideast tensions

The South Korean government on Friday kept its price caps on fuel products unchanged for a fifth consecutive period amid elevated international oil prices and continued tensions in the Middle East, the industry ministry said. The maximum prices at which local refiners can supply gasoline, diesel and kerosene to gas stations will remain unchanged at 1,784 won (US$1.3), 1,773 won and 1,380 won per liter, respectively, for the four weeks beginning Saturday, according to the Ministry of Trade, Indus

Source: The Korea Herald