Second Oil Price Cap Set at 1,934 Won for Gasoline - 'Consumer Prices Expected in Early 2,000 Won Range'

South Korea raises maximum oil prices to 1,934 won per liter for gasoline amid Middle East conflict, with government expanding fuel tax cuts to 15% for gasoline and 25% for diesel to keep consumer prices in early 2,000 won range while implementing zero-tolerance policy against market disruption.