Koo Yoon-cheol: "Maximum Petroleum Prices to Be Lowered Today, Maintained Until Stabilization"

The government announced today (June 26) that it will mobilize all available resources, including freezing major public utility charges for the second half of the year, to keep the consumer price inflation rate within 3% for the remainder of the year.

The 7th maximum petroleum price, to be announced today, will be lowered in line with the downward trend of international oil prices and will be maintained until prices stabilize.

Koo Yoon-cheol, Deputy Prime Minister and Minister of Finance and Economy, presided over a joint meeting at the Government Complex Seoul today, involving the Emergency Economic Headquarters, the Meeting of Economic Ministers, and the Task Force for Special Management of Public Livelihood Prices, where he unveiled these measures.

He also stated, "We will freeze major public utility charges, such as electricity and gas, throughout the second half of the year, and we will temporarily exempt the sales levy on LPG butane until the end of the year."
※ Please note: This article was translated by AI and may contain errors.