Fuel prices slow down amid cap

Fuel prices slow down amid cap

Fuel prices are displayed at a gas station in Seoul on April 12, 2026, the first day of the third price cap. The average consumer price of gasoline averaged 1,992.3 won (US$1.34) per liter as of April 11, up 0.7 won compared with a day earlier. South Korea introduced a price cap on fuel on March 13 to tame inflationary pressures and updates the price every two weeks. (Yonhap)

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