<Anchor> The



government has decided to lower the fuel tax by 20% from the 12th of next month.

As the price of oil rose sharply, the oil tax was cut to the highest level ever, but the actual effect is expected to be felt around the end of next month.



Reporter Hyung-woo Hyung on the sidewalk.



<Reporter> The



20% reduced fuel tax will be applied from the 12th of next month to the end of April of next year.



With the largest cut ever, gasoline is 164 won per liter, diesel is 116 won, and LPG and butane are 40 won cheaper.



[Hongnamgi / Deputy Prime Minister: declining inflation of the people is a touch lower on the skin immediately and ensure that the annual inflation level of stable management in the early 2%;



revenues in oil tax cuts juldoe about 2.5 trillion per month 0.33% p The government predicted that there would be an effect of lowering prices.



Since the reduced fuel tax is applied at the time of shipment from an oil refinery, it is expected that it will take about two weeks for consumers to feel it at the gas station.



[Cho Sang-beom / Public Relations Team Leader of Korea Petroleum Association: Because it takes about 15 days even for a refinery to go from the factory to a gas station or a gas station.]




Previously in 2018, it took 11 days for the fuel tax cut to be reflected in average prices.



[Yoo Beop-min/Director of Resources Industry Policy Bureau of the Ministry of Trade, Industry and Energy: We are going to discuss ways to extend the operating hours of gas stations or expand the operation of vehicles so that they can be transported to gas stations nationwide within a few days.] The



government focuses on directly managed gas stations and thrifty gas stations. We have decided to come up with additional measures next week to ensure that the price can be applied quickly.



Unlike 2018, when the international oil price was on a downward trend at the time of the tax cut, if the oil price continues to rise, the effect of the oil tax cut may be halved.



In addition, it is pointed out that separate support measures such as differential refunds for low-income families are needed, as the survey found that the top 10% of income earners with a lot of vehicle movement benefited nearly three times as much as the bottom 10% of the fuel tax cut.



(Video coverage: Jeong Seong-hwa, video editing: Kim Seon-tak)