Korea (Rep.) will maintain reduced fuel taxes on gasoline, diesel, and butane through November to ease fuel costs amid volatility in international oil prices linked to Middle East developments.
Korea (Rep.) will extend its fuel-tax cuts for another two months through the end of November 2026, the Ministry of Finance said on 18 September 2026.
The existing tax reductions of 15% on gasoline and 25% on diesel and butane will remain in place. The measure is intended to ease fuel costs amid volatility in international oil prices linked to developments in the Middle East.
The ministry added that larger tax reductions will be maintained for diesel, which is widely used in industrial and logistics activities, and butane, which is commonly used as fuel for small trucks.
