June 18, 2026 11:54 AM
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South Korea to apply zero tariffs on LNG, LPG to tackle inflation
South Korea has announced plans to remove tariffs on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) imports in the second half of this year to help contain inflation and reduce energy costs. The Ministry of Finance and Economy said tariff rates on LNG, LPG and crude oil used for LP...