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KOREAN OIL COMPANIES TO LOWER PRICES AS OF TODAY.

AsiaPulse News

| April 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 1 Asia Pulse - Korean oil companies said they will lower domestic prices by 10-20 won (US$0.01-US$0.02) per liter as of today.

SK Gas (KSE:18670), LG-Caltex Oil (KSE:17940) and Hyundai Oil Bank said they were lowering prices for gasoline, kerosene, and light oil and diesel fuel after recent drops in international crude prices.

However, because of the depreciation of the Korean won versus the dollar, they said ...

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