If You Sell Cheap Kerosene as Vehicle Diesel, Report It... Reward Up to 2 Million Won

According to Opinet, the oil price information service of Korea National Oil Corporation, the nationwide gasoline retail price in the second week of January rose by 9.1 won from the previous week to 1,439.3 won per liter, continuing an eight-week consecutive increase. On the 17th, at a gas station in Seoul, gasoline was sold at 1,863 won per liter and diesel at 1,658 won per liter. Photo by Jinhyung Kang aymsdream@

[Sejong=Asia Economy Reporter Kwon Haeyoung] Starting next month, anyone who reports the act of selling heating kerosene disguised as vehicle diesel fuel will receive a reward of up to 2 million KRW.

On the 21st, the Ministry of Trade, Industry and Energy announced the legislative notice of the "Petroleum and Petroleum Alternative Fuel Business Act (hereinafter referred to as the Petroleum Business Act) Enforcement Rules Partial Amendment Ordinance (draft)" based on this content.

The amendment to the Petroleum Business Act established the legal basis for paying rewards for selling kerosene as vehicle fuel. Accordingly, the amendment to the enforcement rules adds such acts to the list of reportable offenses eligible for rewards and sets the reward amount to no more than 2 million KRW.

Before the amendment, rewards were only given for reporting the manufacture and sale of "fake petroleum products," which are normal diesel mixed with cheaper kerosene or waste oil and other substances. However, the act of selling kerosene itself as diesel without even mixing it, although illegal, was not eligible for reward payments.

Additionally, the government may provide petroleum supply and demand information reported by businesses to other institutions only when used for public interest purposes such as policy formulation and research, or when requested by courts or judges.

This content was produced with the assistance of AI translation services.