South Korea's finance minister said on Friday the government will lower the national fuel price cap as part of measures to rein in inf. He said officials kept the sixth-round cap unchanged this week amid ongoing Middle East uncertainty, but the seventh-round cap will be set below the current level and maintained until consumer prices stabilize. Seoul introduced a nationwide fuel price cap in March for the first time in decades; authorities now review the cap monthly.

2026-06-26

South Korea's finance minister said on Friday the government will lower the national fuel price cap as part of measures to rein in inf. He said officials kept the sixth-round cap unchanged this week amid ongoing Middle East uncertainty, but the seventh-round cap will be set below the current level and maintained until consumer prices stabilize. Seoul introduced a nationwide fuel price cap in March for the first time in decades; authorities now review the cap monthly.

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