Wednesday, November 11, 2026

Government extends temporary fuel tax cut by two months

Input
2026-11-11 09:25:52
Updated
2026-11-11 09:25:52
[Financial News]   The government is extending by two months the temporary fuel tax cut, which was scheduled to expire at the end of this month.
Deputy Prime Minister Lee Hyoung-il is attending the Emergency Economic Council, held at Government Complex Seoul in Jongno District, Seoul, on the 11th. Photo: Seo Dong-il, reporter

Deputy Prime Minister Lee Hyoung-il is speaking at the Emergency Economic Council, held at Government Complex Seoul in Jongno District, Seoul, on the 11th. Photo: Seo Dong-il, reporter

The Ministry of Finance and Economy said it had made the decision at the Emergency Economic Council, chaired by Deputy Prime Minister and Minister of Finance and Economy Lee Hyoung-il and held today (the 11th), taking into account the need to ease the public’s fuel costs amid uncertainty over the war in the Middle East and high oil prices, while preserving room to respond to greater volatility in oil prices in the future.
Deputy Prime Minister Lee Hyoung-il is speaking at the Emergency Economic Council, held at Government Complex Seoul in Jongno District, Seoul, on the 11th. Photo: Seo Dong-il, reporter

Deputy Prime Minister Lee Hyoung-il is speaking at the Emergency Economic Council, held at Government Complex Seoul in Jongno District, Seoul, on the 11th. Photo: Seo Dong-il, reporter

Deputy Prime Minister Lee Hyoung-il is speaking at the Emergency Economic Council, held at Government Complex Seoul in Jongno District, Seoul, on the 11th. Photo: Seo Dong-il, reporter


[email protected] Seo Dong-il Reporter