(EnergyAsia, June 21, Thursday) — Bowing to political pressure from consumer groups, the South Korean government said it will cut tariffs on imported oil products from the second half of this year. Rising oil prices have begun to exert inflationary pressures on the economy.The Ministry of Finance and Economy said it would lower rates on…
KOREA: Tariffs for imported oil products to be cut from July
Posted on June 20, 2007 by EnergyAsia