South Korean English-language press
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The Korea Times · South Korea · South Korea lowers fuel price ceiling and freezes utility rates for the second half of 2026
Korea Times reported that Finance Minister Koo Yun-cheol announced the government would lower the cap on domestic fuel prices to reflect the decline in global crude oil prices and freeze electricity and natural gas rates in H2 2026, with the price cap system to remain until consumer prices are fully stabilised.
“South Korea will lower the cap on fuel prices and freeze utility rates in the second half of 2026, Finance Minister Koo Yun-cheol announced.”