The support unit price for tax-exempt diesel for agriculture, forestry and fisheries will rise to 176.2 won per liter (ℓ). That is an increase of 37.8 won from the previous cap of 138.4 won.
Relevant ministries on the 29th announced this plan to expand fuel cost support for farmers and fishers at the Emergency Economic Headquarters meeting and the ministers' meeting on strengthening economic and industrial competitiveness, held at Government Complex Seoul and chaired by Deputy Prime Minister and Minister Koo Yun-cheol.
Earlier, through a supplementary budget, the government raised the support unit price for tax-exempt diesel for agriculture, forestry and fisheries from 115.3 won to 138.4 won per ℓ. However, given the prolonged period of high oil prices increasing the burden on farmers and fishers, it decided to provide additional support.
Specifically, diesel for agricultural machinery such as tractors, tillers and combines; diesel for fishing; and diesel for forestry machinery such as powered loaders will rise from 138.4 won to 176.2 won per ℓ. For heating equipment in horticultural facilities, kerosene will go from 143.9 to 183.2 won, heavy oil from 144.4 to 183.8 won, and liquefied natural gas (LPG) from 154.8 to 197.1 won.
The newly raised support unit price cap applies to tax-exempt fuel purchases for agriculture, forestry and fisheries made on the 29th. A government official said, "If the budget reflected in the supplementary budget is exhausted early due to this upward adjustment of the support unit price cap, we will consider supporting it with reserve funds, among other options."