South Korean Refiners Seek Adjustments to Fuel Price Cap Compensation Formula
South Korean oil refiners urge the government to adjust profit margins for compensation under the fuel price cap, citing potential disadvantages for companies with lower crude costs
As of 2026-09-03 07:57 UTC.Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Under the government's formula, refiners receive compensation when production costs plus a reasonable margin exceed the maximum price, with payments limited to the difference between the two figures. [1]
The Korea Disabled People's Rehabilitation Association said it extended registration for its 'S-OIL Touching Marathon' until September 9, 2026. [2]
Refiners are seeking differentiated reasonable margin rates based on cost-cutting performance, requiring objective standards for comparing cost-reduction performance. [3]
South Korean oil refiners are requesting the government to adjust profit margins by company when calculating compensation under the petroleum price cap, arguing that the current formula disadvantages companies with lower crude procurement costs. [4]
Participation fees are 50,000 won (5km), 60,000 won (10km), and 70,000 won (half-marathon), with the entire fee donated to the Korea Disabled People's Rehabilitation Association and donation receipts issued. [5]
The 'S-OIL Touching Marathon' is scheduled for October 4, 2026, at the Peace Plaza of World Cup Park in Seoul, with 5km, 10km, and half-marathon courses. [6]
What this stands on
Under the government's formula, refiners receive compensation when production costs plus a reasonable margin exceed the maximum price, with payments limited to the difference between the two figures. · Pulse
The Korea Disabled People's Rehabilitation Association said it extended registration for its 'S-OIL Touching Marathon' until September 9, 2026. · 세계일보
Refiners are seeking differentiated reasonable margin rates based on cost-cutting performance, requiring objective standards for comparing cost-reduction performance. · Pulse
South Korean oil refiners are requesting the government to adjust profit margins by company when calculating compensation under the petroleum price cap, arguing that the current formula disadvantages companies with lower crude procurement costs. · Pulse
Participation fees are 50,000 won (5km), 60,000 won (10km), and 70,000 won (half-marathon), with the entire fee donated to the Korea Disabled People's Rehabilitation Association and donation receipts issued. · 세계일보
The 'S-OIL Touching Marathon' is scheduled for October 4, 2026, at the Peace Plaza of World Cup Park in Seoul, with 5km, 10km, and half-marathon courses. · 세계일보
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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