Government Urges Gas Industry to Lower Fuel Prices

4
Gugak Center

The government today pressured the local oil and gas industry to further cut petroleum prices. It comes as it pushes to pass on the benefit of tumbling global oil prices to consumers.

The push, however, was met by opposition from industry officials complaining of the high tax rate.

The Ministry of Trade, Industry and Energy asked for “cooperation” from industry representatives to encourage gas stations and distributors of LPG gas to lower their prices, adding there is room for more cuts.

Chae Hee-bong, the ministry’s energy policy director, said that falling global oil prices are not reflected enough in domestic retail prices in some channels of distribution.

He asked that the industry’s associations encourage members to slash oil prices so that the general public can benefit.

International oil prices more than halved in January compared to a year ago. Dubai crude tumbled from just over $104 per barrel in January 2014 to $46.60 earlier this week.

Source: Busan eFM News


The Latest Haps

NewsEntertainmentLifestyleFood/DrinkTravelSports
parkgh

President Park’s Fate Likely Decided This Afternoon

The motion to impeach president Park Geun Hye have been formally carried out by 171 lawmakers from the main opposition Democratic Party, minor opposition People’s Party and Justice Party lawmakers.

0 comments
Screen Shot 2015-06-24 at 7.14.29 PM

5 Steps to Good Investing for Expats in Korea

Looking for a few simple ways to save money? Here are some quick tips to get you started saving up for the future.

0 comments
studyy

Korea Falls in International Education Rankings

Korean students fared worse this year in the OECD’s PISA rankings, which assesses the quality of secondary students around the world.

0 comments
rose

“Comfort Woman” Passes Away in Gyeongnam

A 93-year-old victim of Japan’s wartime sexual enslavement living in Gyeongnam passed away yesterday.

0 comments
Source: Filmlinc.org

Japanese Cinema Premier Festival to be Held at the BCC

The “Japanese Cinema Premier Festival,” will be held from the 10th, for two days, at Busan Cinema Center.

0 comments
Image: YouTube

SNL Korea Women Under Fire for Groping Male Hosts

Some female cast members of SNL Korea are under fire after a video of them sexually grabbing a popular K-pop boy bands genitals has sparked outrage on Korean social media.

0 comments
Image: YouTube

Have Your Say: Do You Like Busan’s Newest Branding Video?

The City of Busan has released its newest branding film entitled “Busan Brand Film” in hopes of promoting the city domestically and internationally.

0 comments
egg

AI Epidemic Spurs Drastic Increase in Egg Prices

Egg prices in the nation are on the verge of having a drastic increase.

0 comments
reindeer

Join the Gwangan Reindeer 5K Dash

For those looking for a little holiday exercise and fun, the Gwangan Reindeer 5k Dash is taking place on December 18th.

0 comments
Source: Filmlinc.org

Japanese Cinema Premier Festival to be Held at the BCC

The “Japanese Cinema Premier Festival,” will be held from the 10th, for two days, at Busan Cinema Center.

0 comments
hq gwangan

Three Great Events at HQ Gwangan This Weekend

HQ Gwangan is once again having a big weekend of events with great food and drink specials.

0 comments
Image: Gorilla Beer Co.

Busan Beer Tour Hits Five Gwangalli Favorites

Five of Gwangalli’s favorite craft brew places are teaming up for the “Busan Beer Tour”.

0 comments
wine-

Busan Wine Club Hosting Special Christmas Event

Start the Christmas season off right at the Busan Wine Club’s 8th wine party on 17th of December.

0 comments
Image: SR

New Super Rapid Train Service in Korea Begins Friday

High speed rail travelers will have a new option on the Korean peninsula as the SR bullet train service begins this Friday.

0 comments
The sun sets on the gorgeous French countryside.

Self-Guided Food Tours in France – Check out this Interactive Guide

France is renowned for its creative use of fresh market produce, and our hoteliers pride themselves on serving fare of the highest standard. Enjoy delicious food and elegant wines as you recall the highlights of the day.

0 comments
marinabaysandsinterior

24 Hours at the Marina Bay Sands Singapore

Marine Bay Sands in Singapore has become the standard for not only luxury, but also noted as the place to go if you’re on a vacation to the southeast Asian tourist mecca.

0 comments
Image: Claw Digest

Lotte Giants Sign Parker Markel, Lose Lindblum

The Lotte Giants have signed American pitcher Parker Markel for the 2017 season.

0 comments
kimchi

Lotte Giants Players Join in Winter Kimchi-Making Event

Lotte Giants players, including Kang Minho, Son A-sub, Jeon Joon-woo, Kim Moon-ho, and Jeong Hoon will participate in a winter kimchi making event today.

0 comments
Image: Busan City

City to Tear Down Gudeok Baseball Park and Gymnasium

The city office has decided to tear down Gudeok Baseball Park and Gymnasium and operate it as an exercise park in a smaller scale.

0 comments

 

Comments

comments