S. Korea to expand fuel tax cuts amid Middle East conflict

Starting from Friday, the current tax reduction rates of 7 percent for gasoline and 10 percent for diesel will be raised to 15 percent and 25 percent, respectively, according to the Ministry of Economy and Finance. Kenya breaking news | Kenya news today |..

✨ Key Highlights

South Korea is expanding fuel tax cuts to ease financial pressure on citizens amidst ongoing Middle East conflict.

Fuel tax reduction rates will increase to 15 percent for gasoline and 25 percent for diesel starting Friday.
The Ministry of Economy and Finance announced the measures.
The tax cut extension will run until the end of May, aiming to stabilize public livelihoods against inflationary pressures from geopolitical risks.

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