South Korea will maintain the tax reduction policy of 37% for diesel oil and liquefied petroleum gas (LPG) until April,

South Korea's Ministry of Finance said in a statement that, in order to reflect the signs of stable gasoline prices relative to other products, South Korea will reduce the implemented gasoline tax reduction policy from 37% to 25% from January. South Korea will maintain the tax reduction policy of 37% for diesel oil and liquefied petroleum gas (LPG) until April, and extend the tax reduction policy of 15% for bituminous coal and liquefied natural gas (LNG) to the first half of 2023.