South Korea extends fuel-price caps ahead of three-day holiday
Bloomberg reports that global oil prices have climbed above $100 a barrel as South Korea keeps fuel cheap for holiday travelers, with fiscal costs mounting.
TLDR
Bloomberg reported that South Korea was extending fuel-price caps as millions prepared to hit the road for a three-day public holiday in the week of September 23. The outlet described the caps as cushioning households from an energy shock that had pushed global oil prices above $100 a barrel, while highlighting mounting fiscal costs.
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