Apple Prices Rise Before the Holidays: Will High Interest Rate Tightening Last?
Apple prices go up before the holidays. Traders sell apples at Gyeongdong Market in Dongdaemun-gu, Seoul on the morning of the 4th. [사진: 연합뉴스] Although the rate of consumer price inflation has fallen to the 2% range in the new year, the general view is that the rate of increase will increase again during the […]
Tax Cuts and Rebates to Ease Price Burdens for Common People
Starting January 1 next year, various tax benefits will be implemented to ease the burden of high prices on the common people. The fuel tax cut will be extended, and public transport fare rebates and food price reductions will be implemented. On the 31st, the government announced that it would adjust tax rates for items […]
[백브리핑AI] Oil prices soaring despite government fuel tax cuts… SK Inno, S-Oil, GS Caltex’s highest performance ever
[인포스탁데일리=김현욱AI 앵커] Oil prices are skyrocketing. The government is making all-out efforts to stabilize oil prices through successive oil tax cuts, but it is not the same. Meanwhile, domestic oil refineries are achieving record-high performance. There are even criticisms that domestic refiners are taking the benefits of the Yun Seok-yeol administration’s fuel tax cuts as […]
I even lowered the fuel tax, value-added tax, and tariff, but “it has no effect”
◀ anchor ▶ Starting today, the fuel tax has been reduced to the legal maximum. Can you feel it? Although the government is mobilizing measures such as lowering fuel taxes, tariffs, and VAT, it does not seem to have much effect as prices are rising so steeply. Correspondent Lee Deok-young. ◀ Report ▶ A thrifty […]
37% reduction in fuel tax and implementation of smart phone resident registration card from July
Incheon Today = Reporter Lee Seo-in┃From July, the fuel tax cut will be expanded to 37%, the maximum under the current law. In addition, a mobile verification service for resident registration cards is implemented. On the 30th, the Ministry of Strategy and Finance published a booklet titled ‘This will change from the second half of […]
“I will raise interest rates until inflation is controlled”… Request for exemption from fuel tax
Federal Reserve Chairman Powell has made it clear once again that he intends to keep raising interest rates until inflation is caught. President Biden has asked Congress to pass a bill that would waive the fuel tax for 90 days to keep gas prices under control. Correspondent Kim Jong-won from New York. Jerome Powell, chairman […]
Kyunghyang “Only hitting the government in the past, there is no agenda for Yoon Seok-yeol”
The Kyunghyang Shinmun and the Hankyoreh criticized the front-page report, saying that ‘the government and the ruling party are focusing on the offensive against the former government’. It is pointed out that the focus is on making the murder of a public official by the North Korean military a political issue and speeding up the […]
37% reduction in fuel tax from July… Minimizing electricity and gas rate hikes, concerns about high inflation in the 6% range – Cheonji Ilbo
Choo Kyung-ho, Deputy Prime Minister of Economy and Minister of Strategy and Finance, presides over the ‘1st Emergency Economic Ministers’ Meeting’ held at the Government Complex Seoul in Jongno-gu, Seoul on the afternoon of the 19th. (Provided by: Ministry of Strategy and Finance) ⓒCheonji Ilbo 2022.6.19 Raising prices can affect prices The remaining public charges […]
Diesel price reverses gasoline price… “Expand oil price subsidy”
◀ anchor ▶ Diesel prices are making new highs every day. The government lowered the fuel tax by an additional 30% this month, but as the price of oil continues to rise, the pain of truck drivers continues to grow. The government has decided to further expand the amount of subsidies for oil prices to […]
Diesel prices reversed at 1 out of 4 gas stations in Tokyo
It was found that one out of four gas stations in Gangwon-do sells diesel at a higher price than gasoline. As a result of analyzing the fuel price of 638 gas stations in the province (as of 3 pm) through the Korea National Oil Corporation oil price information system Offnet on the 8th, it was […]
