SK Energy said on the 10th it will provide a "high oil price and crisis relief subsidy" to about 2,500 SK gas stations in Korea, excluding company-operated sites. The amount will be up to 20 billion won per month. SK Energy said the payments are intended to partially ease operating burdens at SK gas stations nationwide and ensure stable distribution of petroleum products.
According to SK Energy, the subsidy will be paid through a scheme that is linked to sales volume and a flat-rate support method. Part of it will use Onnuri gift certificates, a policy tool for supporting small businesses. SK Energy plans to deliver the first subsidy in May. The eligible period will be maintained from 12 a.m. on Mar. 13, when the first price cap took effect, through the end date of the future price cap.
Kim Jong-hwa, president of SK Energy, said, "As we deeply empathize with the difficult situation of the domestic gas station distribution network due to rapid changes in energy market conditions, we will provide effective support by considering each station's operating conditions so that no station is left out."