S.Korea sets lower tax on cleaner diesel for 1 year

Newswire

SEOUL, Aug 25 (Reuters) - South Korea will cut sales tax on diesel containing ultra low sulphur for a year as part of moves to help encourage consumption of a more environmentally friendly fuels, the finance ministry said on Wednesday. But a ministry official said the move, under which the cleaner diesel will sell at a similar price to plain diesel by cushioning extra production costs, was not related to concerns about building inflation stemming from higher crude prices. The government ...

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