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South Korea Keeps Fuel Cheap for Holidays as Fiscal Cost Mounts
Source: Bloomberg
Energy Markets & PricesInflationFiscal Policy & BudgetConsumer Demand & Retail
South Korea is extending fuel-price caps ahead of a three-day public holiday as millions of consumers travel, shielding households from oil prices that have risen above $100 per barrel. The measure may limit near-term fuel-cost inflation and support holiday travel demand, but underscores the pressure from the global energy-price shock and potential fiscal costs of subsidies.
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