Naju-si Provides Partial Support for Increased Tax-Free Fuel Costs for Agricultural Machinery

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Naju City, Jeollanam-do (Mayor Yoon Byung-tae) announced on the 27th that it will partially support the increased amount of duty-free agricultural machinery fuel (gasoline and diesel) to alleviate the management burden of farmers struggling due to the prolonged COVID-19 pandemic and soaring oil prices.

The city secured a total budget of 2.2 billion KRW and provides a fixed support of 183 KRW per liter for duty-free fuel used from March to last month, and 269 KRW per liter for duty-free fuel used from this month until October.

However, subsidies will not be provided to users who consume less than 28 liters of duty-free fuel, and for farmers who use more than 10,000 liters, support is capped at a maximum of 1.83 million KRW.

The support targets are local farmers who have received duty-free fuel cards from the Nonghyup (National Agricultural Cooperative Federation), and they can apply by visiting the local Nonghyup by October 31.

On the 26th, the Naju City Council also adopted a “Resolution Urging Support for Duty-Free Agricultural Fuel to Overcome the Agricultural Economic Crisis,” calling for national-level support to respond to the crisis in the agricultural economy, which forms the foundation of our economy, and contributed to securing the budget for duty-free fuel support.

Mayor Yoon Byung-tae said, “Although the financial conditions are not easy, this is the result of active cooperation between the city and the city council with one mind to stabilize the management of farmers,” and added, “I hope the duty-free fuel support project will help reduce the burden on farmers who suffered from soaring fuel costs and contribute to management stability.”

Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong baekok@asiae.co.kr

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