Seoul takes new measures to cut oil prices

摘要

Seoul—South Korea April 19 announced anew set of measures aimed at weakening thehold on the market of the country’s existingfour refiners and bringing down pump prices,which have been blamed for stoking inflationand stalling the country’s economic growth.The measures include introducing a newsupplier in the market, setting up more “dis-count” petrol pumps and providing fiscal incen-tives to promote online spot market trading.