Transition Team: "Ministry of Economy and Finance Reports Price Stabilization Measures Including Fuel Tax Reduction"

President-elect Yoon Seok-yeol is giving a greeting at the 20th Presidential Transition Committee workshop held at Seoul Startup Hub in Mapo-gu, Seoul, on the afternoon of the 26th.
[Image source=Yonhap News]

The Presidential Transition Committee announced on the 27th that the Ministry of Economy and Finance reported measures to stabilize prices for ordinary citizens, including a reduction in fuel tax.

In a press release on the same day, the Transition Committee explained, "In response to questions about whether the Ministry of Economy and Finance reported to the Transition Committee on extending the fuel tax reduction, which is set to expire on April 30, and increasing the reduction rate, we provide this information."

Earlier, on the 24th, the Transition Committee's Economic Division 1 received a briefing from the Ministry of Economy and Finance on measures to stabilize prices for ordinary citizens at the Sejong Government Sejong Convention Center.

The Ministry of Economy and Finance had previously announced a legislative notice to extend the 20% fuel tax reduction measure, implemented in March, for an additional three months until the end of July.

The Transition Committee emphasized, "We inform you that we are striving to prepare measures that the public can feel, and for the government to play an active role in supporting ordinary citizens and businesses struggling due to high oil prices and inflation."

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