Home LPG prices likely to rise

The government is pursuing a plan to increase the price of liquefied petroleum gas for household use by a small amount to keep in step with the plan to increase the prices of LPG for transportation use and diesel oil.

The Ministry of Commerce, Industry, and Energy held an economic vice ministers` meeting August and agreed, "In order to prevent the side-effect of illegally converting LPG for household use into transportation use due to the price increase of LPG for transportation use, and in order to solve the problem of there being price differences between fuels, it is desirable to increase the price for LPG for household use by a small amount."

"As a support measure for the handicapped, who will encounter disadvantages as a result of a price increase for LPG, the probability of providing subsidies of a certain amount is much higher than providing tax exemptions," a source at MOCIE said,

On this day, the government held a meeting and agreed to greatly lower the price ratios of gasoline, diesel oil, and LPG from the 100 to 70-80 to 55-65 ratio earlier prepared by the Korea Energy Economics Institute to the 100 to 55-65 to 40-50 ratio level. Also, it has become known that inside opinion has been gathered to not adjust the price of gasoline.