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KOREAN-BASED OIL COMPANIES TO RAISE DOMESTIC PRICES TODAY.
SEOUL, Feb 4 Asia Pulse - Domestic oil companies said that they will raise consumer prices of gasoline, kerosene and light oil, to reflect the cost of crude oil on the international market.
SK Corp. (KSE:03600), LG-Caltex (KSE:17940) and Hyundai Oilbank Corp. said that the price hikes will go into effect as of Tuesday with consumers expected to pay between 35-40 won (US$0.029-0.034) more per liter of gasoline.
The three oil companies also said they will be charging 20 won more for kerosene and light oil as of today.
The rise in oil prices are expected to put inflationary pressure on the economy, ...
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Source: HighBeam Research, KOREAN-BASED OIL COMPANIES TO RAISE DOMESTIC PRICES TODAY.