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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