New Delhi [India], February 21 (ANI): In a bid to alleviate the burden of rising consumer prices and bolster confidence, the South Korean government has announced an extension of retail fuel tax cuts until the end of April. According to S&P Global Commodity Insights, however, industry insiders suggest that this move may not significantly stimulate domestic automotive fuel sales amid a subdued economic environment. Instead, South Korean refiners are expected to pivot their focus towards exporting gasoline and diesel, leveraging improving Asian crack spreads. The Ministry of Economy and Finance disclosed that the tax cuts on auto fuels, which have been in effect since November 2021, will persist, with a 25 per cent reduction on gasoline and a 37 per…
