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Gasoline prices in S. Korea have soared to near five-month high

2019-04-29 1 Dailymotion

Time now for our "Life & Info" segment,... where we focus on information useful for your everyday life. <br />Today,... we are going to mostly focus on economic issues.<br />Drivers are feeling it in their pockets as gasoline prices in Korea have now risen for the tenth straight week, …hitting a near five-month high.<br />According to the Korea National Oil Corporation, fuel prices nationwide averaged about one-point-two-four U.S. dollars per liter in the fourth week of April, …the highest since the second week of December.<br />Gas prices are expected to soar even more quickly in May, …with Washington's decision to end waivers on sanctions on Iranian oil imports.<br />To ease the burden, the Korean government said it will extend its tax cut on fuel products until the end of August. <br />

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