Lee cited renewed Middle East tensions as reason to maintain caps until price uncertainty fully recedes
President Lee orders oil price caps kept until uncertainty ends
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Summary
By Park Boram BRASÍLIA, July 26 (Yonhap) -- President Lee Jae Myung on Sunday instructed senior officials to maintain oil price caps until price uncertainty completely recedes, citing the renewed confrontation in the Middle East. The Seoul government introduced fuel price caps in mid-March in a bid to stabilize domestic fuel prices amid supply chain disruptions driven by the conflict in the Middle East.
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By Park Boram BRASÍLIA, July 26 (Yonhap) -- President Lee Jae Myung on Sunday instructed senior officials to maintain oil price caps until price uncertainty completely recedes, citing the renewed confrontation in the Middle East.
according to Yonhap NewsThe Seoul government introduced fuel price caps in mid-March in a bid to stabilize domestic fuel prices amid supply chain disruptions driven by the conflict in the Middle East.
according to Yonhap News
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