The Ministry of Economy and Finance said on Wednesday that the fuel tax cut will remain until the end of February next year to support people affected by volatile gas prices amid a rising cost of living.
With the extension, the current tax reductions - 7 percent on gasoline and 10 percent on diesel and liquefied petroleum gas (LPG) - will remain in place until Feb. 28.
The ministry also extended the current tax break for new car purchases until the first half of next year to boost private consumption.
However, a temporary tax cut on power-generation fuels for state-run energy-related companies is set to end by the end of December in consideration of stable prices.
The tax break has been extended almost every six months since November 2021 to support people hit by the economic slowdown since the outbreak of the coronavirus pandemic.
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