▲ Gas station
The Ministry of Trade, Industry and Energy announced today (July 1) that it will conduct special inspections of approximately 1,000 gas stations over the next two weeks, until July 14, due to concerns over the illegal distribution of petroleum and market disruption following the reduction of the oil price cap.
A joint task force, consisting of the Ministry of Trade, Industry and Energy, the Ministry of Economy and Finance, and the Ministry of Land, Infrastructure and Transport, will proactively respond to illegal activities such as the distribution of counterfeit petroleum that may exploit the current market confusion.
The inspections will also target practices that increase the burden on public livelihood by delaying the reflection of the reduced price cap.
As of 12:00 a.m. on June 27, the government implemented the 7th oil price cap, lowering the prices of gasoline to 1,784 won per liter, diesel to 1,773 won per liter, and kerosene to 1,380 won per liter, a reduction of 150 won for each.
The joint task force plans to conduct rigorous quality and distribution inspections on approximately 1,000 high-risk gas stations selected through the analysis of big data held by each ministry and agency.
In addition, the Oil Call Center (1588-5166), which operated as a dedicated reporting center for illegal petroleum distribution during the Middle East war, will continue to operate during the special inspection period.
Minister of Trade, Industry and Energy Kim Jeong-gwan stated, "Considering that this is the first downward adjustment in seven rounds since the introduction of the price cap system, illegal acts that deceive the public will not be tolerated," adding, "We will continue our efforts to ensure that consumers can feel the stabilization of the oil market."
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