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
Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
Implementation date
01 Jul 2026
Revocation date:
No revocation date
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...
Announced: 27 Mar 2026
Republic of Korea: Export restrictions on marine vessel diesel
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Announced: 13 Mar 2026
Republic of Korea: Export restrictions on gasoline, diesel, and kerosene
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