Busan Regional Office of Oceans and Fisheries to Provide September Fuel-Tax Subsidies for Coastal Freight Vessels...213 Won per Liter

[Financial News] The Busan Regional Office of Oceans and Fisheries announced on the 29th that it will provide fuel-tax subsidies for September 2026 to domestic coastal freight transport operators registered in Busan.

The subsidy program was introduced to ease the financial difficulties of coastal freight transport companies after diesel fuel taxes were raised under the 2001 energy tax reform. It covers all or part of the increase.
The subsidies had previously been reviewed and paid on a quarterly basis. However, as high oil prices have persisted in the aftermath of the recent war in the Middle East, applications have been accepted and payments made monthly on a temporary basis since May.
The subsidy applies to Marine Gas Oil (MGO) purchased with taxes paid during this month. The payment rate is 213 won per liter, calculated by subtracting the diesel fuel tax of 183.21 won per liter in June 2001 from the current fuel tax of 396.21 won per liter.
Applications will be accepted from the 6th through the 13th of next month. The office also plans to accept additional applications for fuel purchased in August.
After reviewing the submitted documents, the office will determine the subsidy amounts and make monthly payments through the e-Naradoum website, the integrated national subsidy management system. Further information about the program is available in the notifications section of the Busan Regional Office of Oceans and Fisheries website.
Han Seung-hyun, head of the Seafarers and Maritime Safety Division at the Busan Regional Office of Oceans and Fisheries, said, "We hope the fuel-tax subsidies will ease the financial burden on local shipping companies struggling with high oil prices." He added, "Alongside the subsidy payments, we will also conduct joint inspections with relevant agencies, including the Korea Petroleum Quality & Distribution Authority, to ensure that the subsidies are administered transparently."
[email protected] Byeon Ok-hwan Reporter