The South Korean government has finalised plans to increase the price of diesel but it will extend the current subsidies to commercial drivers of diesel vehicles for three years. Under the plan, the price of diesel will increase at an annual rate of 5% relative to gasoline prices for the next three years, the…
SOUTH KOREA: Seoul to hike diesel price but will retain subsidies for 3 years
Posted on January 3, 2005 by EnergyAsia