Gov't to regularly check prices of automotive lubricant, marine fuel to stabilize supplies | Yonhap News Agency

## Summary
OK SEOUL, April 8 (Yonhap) -- The government will conduct weekly checkups on automotive lubricant and marine fuel markets to rein in rising prices and stabilize supplies of such products, the industry ministry said Wednesday. The Ministry of Trade, Industry and Resources unveiled the plan at a meeting with officials from related ministries and the fuel industry, held to discuss a response to increasing prices of automotive lubricant, such as engine oil, and marine fuel products and their supply disruptions. Engine oil products are displayed at a supermarket in Seoul on April 2, 2026. (Yonhap) nyway@yna.co.kr (END) Related Articles (3rd LD) Consumer prices rise 2.2 pct in March on surging oil prices (LEAD) Gov't announces adjusted price ceilings for fuel products to take effect midnight (LEAD) Gov't to expand fuel tax cuts; diesel from 10 to 25 pct, gasoline from 7 to 15 pct (LEAD) Gov't expands vehicle rotation system to 2-day scheme in public sector Keywords #fuel products Articles with issue keywords Most Liked Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (3rd LD) Lee says S. Korean actress IU Nobel chemistry laureate in Seoul prev Gov't to regularly check prices of automotive lubricant, marine fuel to stabilize supplies Next Gov't to regularly check prices of automotive lubricant, marine fuel to stabilize supplies

## Article Content
Facebook
X
More
Pinterest
Linked in
Tumblr
Reddit
Facebook Messenger
Copy URL
URL is copied.
OK
SEOUL, April 8 (Yonhap) -- The government will conduct weekly checkups on automotive lubricant and marine fuel markets to rein in rising prices and stabilize supplies of such products, the industry ministry said Wednesday.
The Ministry of Trade, Industry and Resources unveiled the plan at a meeting with officials from related ministries and the fuel industry, held to discuss a response to increasing prices of automotive lubricant, such as engine oil, and marine fuel products and their supply disruptions.
The ministry said it has been leading an intergovernmental inspection team to look into why the country is facing shortages in automotive lubricant supplies despite stable production of the product.
South Korea's lubricant production stood at 760,000 barrels last month, marking a slight increase from the corresponding figure of 710,000 barrels in March last year, according to data compiled by the Korea Petroleum Association.
The government will work to boost the transparency of domestic petroleum product supply chains and respond to any act disrupting market order, such as artificial supply control and excessive price hikes, the ministry said.
Engine oil products are displayed at a supermarket in Seoul on April 2, 2026. (Yonhap)
nyway@yna.co.kr
(END)
Related Articles
(3rd LD) Consumer prices rise 2.2 pct in March on surging oil prices
(LEAD) Gov't announces adjusted price ceilings for fuel products to take effect midnight
(LEAD) Gov't to expand fuel tax cuts; diesel from 10 to 25 pct, gasoline from 7 to 15 pct
(LEAD) Gov't expands vehicle rotation system to 2-day scheme in public sector
Keywords
#fuel products
Articles with issue keywords
Most Liked
Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel
(LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop
BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP
Lee voices hope for peace in Easter message
(2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it
Most Saved
Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel
(3rd LD) Lee says S. Korea, France agree to cooperate on safe passage through Strait of Hormuz
Defense chiefs of S. Korea, France discuss security, arms cooperation
(5th LD) S. Korea, France agree to cooperate on safe passage through Strait of Hormuz
Lee voices hope for peace in Easter message
Most Viewed
All Categories
S. Korea mulling transfer of 1 KF-21 prototype to Indonesia
(LEAD) Top presidential aide to visit Kazakhstan, Oman, Saudi Arabia to discuss securing crude oil, naphtha
(LEA) N. Korean official says Kim Yo-jong's statement on S. Korea is 'clear warning'
N. Korea launched projectile Tuesday: JCS
(LEAD) Kim Yo-jong says N. Korean leader calls Lee 'frank, broad-minded' for his regret over drone incident
Most Viewed More
Most Viewed Photos
N. Korea's workshop of secretaries of local party committees
S. Korean actor Ji Chang-wook
S. Korean actress IU
Nobel chemistry laureate in Seoul
prev
Gov't to regularly check prices of automotive lubricant, marine fuel to stabilize supplies
Next
Gov't to regularly check prices of automotive lubricant, marine fuel to stabilize supplies

---

## Expert Analysis

### Merits
N/A

### Areas for Consideration
- Engine oil products are displayed at a supermarket in Seoul on April 2, 2026. (Yonhap) nyway@yna.co.kr (END) Related Articles (3rd LD) Consumer prices rise 2.2 pct in March on surging oil prices (LEAD) Gov't announces adjusted price ceilings for fuel products to take effect midnight (LEAD) Gov't to expand fuel tax cuts; diesel from 10 to 25 pct, gasoline from 7 to 15 pct (LEAD) Gov't expands vehicle rotation system to 2-day scheme in public sector Keywords #fuel products Articles with issue keywords Most Liked Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (3rd LD) Lee says S.

### Implications
- OK SEOUL, April 8 (Yonhap) -- The government will conduct weekly checkups on automotive lubricant and marine fuel markets to rein in rising prices and stabilize supplies of such products, the industry ministry said Wednesday.
- The government will work to boost the transparency of domestic petroleum product supply chains and respond to any act disrupting market order, such as artificial supply control and excessive price hikes, the ministry said.
- Engine oil products are displayed at a supermarket in Seoul on April 2, 2026. (Yonhap) nyway@yna.co.kr (END) Related Articles (3rd LD) Consumer prices rise 2.2 pct in March on surging oil prices (LEAD) Gov't announces adjusted price ceilings for fuel products to take effect midnight (LEAD) Gov't to expand fuel tax cuts; diesel from 10 to 25 pct, gasoline from 7 to 15 pct (LEAD) Gov't expands vehicle rotation system to 2-day scheme in public sector Keywords #fuel products Articles with issue keywords Most Liked Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP Lee voices hope for peace in Easter message (2nd LD) Trump claims Iran's president has asked for ceasefire; Iran denies it Most Saved Oscar-winning 'KPop Demon Hunters' directors promise 'bigger,' more 'eventful' sequel (3rd LD) Lee says S.
- Korea mulling transfer of 1 KF-21 prototype to Indonesia (LEAD) Top presidential aide to visit Kazakhstan, Oman, Saudi Arabia to discuss securing crude oil, naphtha (LEA) N.

### Expert Commentary
This article covers korea, fuel, lubricant topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 521.