Boseong-gun Provides Emergency Support of 700 Million Won for Tax-Free Fuel Purchases for Agriculture and Fisheries

Boseong County Office exterior view (Photo by Boseong County)

[Boseong=Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Boseong-gun, Jeollanam-do announced on the 6th that it will urgently support 770 million KRW for the purchase of tax-exempt fuel for agriculture and fisheries to alleviate the management burden on farmers and fishermen who are struggling due to the rise in international oil prices caused by the Russia-Ukraine situation.

The price of tax-exempt fuel for agricultural use has surged from 850 KRW per liter for gasoline at the beginning of January to 1,227 KRW as of mid-last month, and diesel from 961 KRW to 1,314 KRW.

The supported fuel types are based on the amount of tax-exempt fuel (gasoline, diesel, etc.) allocated to farmers, fishermen, and agricultural and fishery corporations used over the four months from last month to June.

For agricultural use, a fixed amount of 183 KRW per liter is supported; for fishery use, diesel is supported at 98 KRW, gasoline at 89 KRW, and heavy oil at 68 KRW per liter.

The support recipients are farmers, fishermen, and agricultural and fishery corporations residing in Boseong-gun who have been issued tax-exempt fuel purchase cards by local agricultural cooperatives or fisheries cooperatives and have submitted an application for the tax-exempt fuel purchase cost support project.

The agricultural sectors eligible for support include 42 types of agricultural and livestock equipment such as cultivators, tractors, rice transplanters, sprayers, and mowers as defined by the Restriction of Special Taxation Act, with an allocated volume of 3.15 million liters. The fishery sector includes fishing vessels and fish farms with an allocated volume of 1.45 million liters.

Farmers and agricultural corporations wishing to receive tax-exempt fuel purchase cost support must submit the project application form and consent form for personal (credit) information inquiry to the local agricultural cooperative, while fishermen and fishery corporations must submit them to the relevant town or township office.

Based on the allocated volume and usage per farmer or fisherman, the final list of project recipients and budget requirements will be confirmed before subsidies are paid.

A Boseong-gun official said, “We are promoting fuel cost support with the hope of helping farmers and fishermen amid rising fuel prices, and we plan to actively cooperate with local agricultural and fisheries cooperatives to wisely overcome these difficult times.”

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