South Korea oil price ceiling

[2026-04-12]South Korea Maintains Oil Price Ceiling Amid Volatility and Market Monitoring

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South Korea has maintained its oil price ceiling for gasoline, diesel, and kerosene in the third round.
The government continues strict monitoring of gas stations and recognizes those contributing to price stability.
The policy is effective from June 10 for two weeks, reflecting recent international market volatility.

[2026-04-10]South Korea Freezes Oil Price Ceiling to Stabilize Fuel Costs Amid Volatility

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The South Korean government has frozen the oil price ceiling for gasoline, diesel, and kerosene at previous levels.
This measure aims to stabilize consumer costs and manage demand amid international oil price volatility.
The third phase price ceiling takes effect from April 10, 2024, for two weeks.