South Korea will keep the current fuel-tax reductions through November 30, maintaining a 15% cut on gasoline and 25% on diesel. The extension keeps gasoline fuel tax at 698 won per liter and diesel at 436 won per liter.
A full reversal would add about 40 won per liter to gasoline under the figures cited in the current plan. The two-month extension delays that increase while the government monitors fuel prices and economic conditions.