Public Procurement Service Fully Waives Procurement Fees for Public Fuel Supply Program
The Public Procurement Service announced on December 1 that it will fully waive the procurement fee previously imposed on institutions using the public fuel supply program, starting from the second half of this year.
This measure takes effect as of December 1, following the revision of the procurement fee notification. The exemption of procurement fees for the public fuel supply program was implemented in response to requests to improve inconveniences in the payment procedures for participating institutions.
The Public Procurement Service expects that this institutional improvement will increase the utilization rate of the public fuel supply program and significantly reduce fuel budget expenditures in the public sector.
The public fuel supply program has been in place since 2012 to consolidate fuel demand in the public sector, promote competition in the petroleum market through competitive bidding, and achieve budget savings and price stabilization by lowering prices.
Currently, public institutions can purchase gasoline, diesel, kerosene for vehicles, and small-scale storage fuel at over 1,700 partner (public) gas stations nationwide designated by S-oil, the contractor for the public fuel supply program.
When public institutions purchase fuel using the "Public Procurement Fuel Purchase Card," they receive an instant on-site discount of 3.41% and up to 1.1% cashback annually based on their total usage amount.
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Baek Hoseong, Director of the Purchasing Business Bureau at the Public Procurement Service, stated, "The exemption of procurement fees for the public fuel supply program will eliminate unnecessary administrative burdens related to fee payments and enhance convenience for participating institutions. The Public Procurement Service will continue to identify and implement improvements to the procurement process and enhance effectiveness, creating tangible changes for procurement clients."
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