Korea freezes fuel price caps for another four weeks

The South Korean government will keep fuel price ceilings unchanged for another four weeks as renewed tensions in the Middle East push global oil prices higher, the Industry Ministry said Friday. The Ministry of Trade, Industry and Resources said the maximum prices for gasoline, diesel and kerosene supplied by local refiners to gas stations will remain unchanged from the previous four-week period at 1,784 won ($1.29), 1,773 won and 1,380 won per liter, respectively, beginning Saturday. The decis