Global Trade Alert
Global Trade Alert

Republic of Korea: Financial support to petroleum refiners for losses incurred under the maximum petroleum price scheme

Announcement

01 Jul 2026

In July 2026, the Government of the Republic of Korea announced a financial support framework to compensate petroleum refiners for losses incurred due to the maximum price system for petroleum products.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jul 2026

Revocation date:

No revocation date

Announced: 01 Jul 2026
Financial grant In force

Recent update from 30 Jul 2026:

On 1 July 2026, the Ministry of Industry and Trade promulgated Notice No. 2026-75, the Regulation on Financial Support for Compensation of Losses Arising from the Designation of Maximum Petroleum S...

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