South Korea Cracks Down on Gas Stations Over Illegal Fuel Price Hikes
South Korea's Industry Minister Kim Jung-kwan led a special inspection on March 30 targeting a Seoul gas station accused of charging gasoline and diesel prices above the government's regulated ceiling. This action follows the government's recent decision to raise wholesale price caps by 210 won per liter due to a global surge in oil prices, setting new ceilings at 1,934 won (around $1.28) for gasoline and 1,923 won for diesel. The spot check revealed that the particular gas station increased its retail fuel prices beyond these official limits, prompting Kim to promise a stern government response against such practices. This... [Continue Reading]
360LiveNews | 30 Mar 2026 08:33
