To compensate for losses from the maximum oil price system, a fierce battle over the key ‘cost range’ begins
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The government calculates all costs including purchase, transportation, insurance, and domestic distribution costs. The industry also requires opportunity costs such as conversion to domestic consumption...
The government calculates all costs including purchase, transportation, insurance, and domestic distribution costs. The industry also requires opportunity costs such as conversion to domestic consumption... Difference of more than 1 trillion won, heated debate. The administrative notice period for the financial support regulations prepared by the government to compensate for the losses of oil refineries that suffered from the introduction of the maximum oil price system ended on the 29th. A full-scale fight between the government and oil refineries over the calculation of loss has begun. An official from the Ministry of Trade, Industry and Energy said in a phone call that day...
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