E1 has decided to freeze the supply prices of liquefied petroleum gas (LPG) for August as part of its participation in the government's price stabilization policy.
On August 2, E1 announced that the price for residential and commercial propane will remain at 1,483.17 won per kilogram, while the industrial price is set at 1,489.77 won per kilogram. The price for butane is set at 1,719.54 won per kilogram.
Due to the government's exemption from the sales levy (62.283 won per kilogram), the butane supply price has been reduced by 68.51 won per kilogram (including a 10% value-added tax) since July 30.
E1 explained, "Although there are unreflected costs that have not been incorporated into domestic prices following the U.S.-Iran conflict, we decided to freeze the domestic LPG supply prices for August in response to the government's price stabilization policy and to alleviate consumer burden."
Meanwhile, domestic petrochemical companies have also begun to lower their product prices in line with the government's price stabilization efforts. Companies that have reduced their prices include SK Geo Centric, LG Chem, Hanwha Solutions, and GS Caltex.
* This article has been translated by AI.
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