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Korean gov't to extend fuel tax cuts, individual consumption tax breaks for passenger vehicles
16 Jun 2025 12:37 GMT
… recent consumer price trends.
Fuel tax reductions will remain at current … percent, and diesel and liquefied petroleum gas (LPG) by 15 … precut levels.
The fuel tax cut was first introduced in … According to Korea National Oil Corporation’s Opinet price …
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Gov't Extends Fuel Tax Cuts, Reductions in Consumption Tax for EVs
16 Jun 2025 10:56 GMT
… News
The government has extended fuel tax cuts and reductions of … percent for diesel and liquefied petroleum gas(LPG) - were … of potential volatility in global oil prices amid the crisis … months until December 31.
The fuel tax cuts, first introduced in …
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(LEAD) S. Korea to extend fuel tax cut, EV consumption tax reduction
16 Jun 2025 10:40 GMT
… South Korea will extend its fuel tax cuts and consumption tax … latest extension, the current fuel tax reductions -- a 10 percent … cut on diesel and liquefied petroleum gas (LPG) -- will … the 16th extension of the fuel tax relief program.
In addition, …
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Government’s justification for fuel tax suspension ‘a joke’ – MP
16 Jun 2025 09:51 GMT
Deputy Ranking Member of Parliament’s Energy Committee, Collins Adomako-Mensah, has dismissed the government’s rationale for suspending the controversial Energy Sector Shortfall and Debt Repayment Levy (ESSDRL), describing it as “laughable” and lacking …
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S. Korea to extend fuel tax cuts, consumption tax reductions
16 Jun 2025 09:07 GMT
… Monday that it will extend fuel tax cuts for two more months … percent on diesel and liquified petroleum gas (LPG) will remain in … oil prices, caused by geopolitical risks in the Middle East.
The fuel tax …
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Illinois motor fuel tax to rise July 1
14 Jun 2025 20:17 GMT
… adjustment to the motor fuel tax will go into effect … alternative fuels such as liquefied petroleum gas, liquefied natural gas … diesel fuel.
Illinois’ motor fuel tax was last overhauled in … known excise taxes on liquefied petroleum gas, liquefied natural gas …
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GLOBAL TO LOCAL: Between Global Oil And Local Pain: Rethinking Saint Lucia’s Fuel Pricing Policy
15 Jun 2025 14:22 GMT
… prices despite declining global oil prices, thereby placing a … oil price spikes (e.g., 2008, 2012, 2022–2024), petroleum … parallel, a portion of fuel tax revenue could be ringfenced for … scenarios
Conclusion: People before petroleum profits
Fuel pricing policy …
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Rising oil prices threaten Pakistan’s Rs 1.16 trillion petroleum levy goal
14 Jun 2025 08:44 GMT
… The recent surge in global oil prices, triggered by the … government’s expected revenue from fuel taxes.
After Israel’s attacks … and lower government revenue from petroleum levies.
By March 2025, … costs. Furthermore, Pakistan State Oil (PSO) may increase pump …
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US Senate bill would shrink tax credit for biofuels made from foreign feedstocks
16 Jun 2025 22:16 GMT
… that would extend a clean fuel tax credit through 2031, but trim … tenure, could prove lucrative for oil and biofuel producers who can …
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Electric vehicle fees could double for Pennsylvania drivers next year
16 Jun 2025 21:23 GMT
… than internal combustion engines. No oil changes. No pulleys.”
The Aleppo … ’s coming in through motor fuel taxes isn’t enough to cover …
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