SEOUL, Jan. 25 (Korea Bizwire) — Liquefied petroleum gas (LPG)-powered cars are gradually losing their presence with the growing prevalence of electric and hybrid vehicles, after years of enjoying popularity in the South Korean automobile market thanks to low fuel costs and low emissions. According to statistics from the Ministry of Land, Infrastructure and Transport, [...]
SEOUL, April 1 (Korea Bizwire) — The Ministry of the Interior and Safety said Thursday it will carry out a five-year plan to establish liquefied petroleum gas (LPG) distribution facilities for 31 islands and 4,200 households across the country. With a budget of 45.4 billion won (US$37.3 million), the project is aimed at installing storage [...]
SEOUL, Sept. 25 (Korea Bizwire) — Ever since all restrictions on the use of liquefied petroleum gas (LPG) powered vehicles were lifted in March, sales of LPG cars are on the rise. The Korea Automobile Manufacturers Association reported that LPG car sales set a new record this year after 12,433 cars were sold in July, [...]
SEOUL, Mar. 26 (Korea Bizwire) — South Korea’s government lifted restrictions on the sale of liquefied petroleum gas (LPG) powered vehicles to consumers Tuesday as it pushes to improve air quality in the country. The move allows everyone to buy cars that emit less fine dust and other pollutants into the environment, which has become [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s consumption of refined oil products rose solidly this year on low crude prices, industry data showed Wednesday, providing some relief to local refiners struggling to cope with slumping exports. Domestic consumption of refined petroleum products reached 283.7 million barrels in the January-April period, up 4.7 percent from [...]