In response to the recent surge in oil prices, the Democratic Party and the government have proposed a 20% cut in the fuel tax, the largest ever.

On the morning of the 26th, the party government held a 'consultation with the party related to inflation measures' at the National Assembly to discuss measures to stabilize prices, including measures to lower the fuel tax.

At this meeting, the party and government agreed to temporarily cut the fuel tax on gasoline, diesel and LPG butane by 20% for six months from the 12th of next month to the 30th of April next year.

In this case, gasoline costs 164 won per liter, diesel 116 won per liter, and LPG butane goes down 40 won per liter.

The amount of reduction in fuel tax burden for six months is worth a total of 2.5 trillion won, and the government predicted that 20,000 won a month could be saved if a gasoline vehicle is driven 40 km a day.

During the same period, the quota tariff rate for liquefied natural gas (LNG) has been reduced from the current 2% to 0%.

The government plans to operate a joint monitoring system with related ministries and consumer groups so that the effect of the cut can be seen immediately immediately after the fuel tax cut.

In addition, it was decided to keep the public utility bills, including gas rates, on the principle of freezing until the end of the year.

The government decided to promote stable management of livestock and fishery products, such as promotion of discount events, focusing on major items such as rice, eggs, and meat.

Park Wan-joo, chairman of the Democratic Party's policy committee, said, "The government's review of the 15% (cut) was the largest ever before, and we took measures for inflation. "He said.

Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, said, "Inflation pressure has been increasing recently." I did.

"We will adjust the fuel tax meaningfully and come up with measures that the people can feel," said Song Young-gil, president of the Democratic Party.

Ho-jung Yun, floor leader, said, "International factors cannot be resolved within a short period of time and a long-term price management plan is needed."

(Photo = National Assembly Photo Reporters, Yonhap News)