The Ministry of Trade, Industry and Energy has requested the four major oil refiners in South Korea to avoid excessive price increases in order to address ongoing inflation. Second Vice Industry Minister Choe Nam-ho conveyed this message during a meeting with representatives from SK Energy Co., GS Caltex Corp., S-Oil Corp., and HD Hyundai Oilbank. Despite a slowdown in consumer prices since April, Choe emphasized the persistence of high perceived inflation and the government's commitment to alleviating the public's burden from oil prices through necessary measures. In response, the oil refiners pledged to support the government's efforts by minimizing price hikes at gas stations, even in the face of increasing global crude oil prices. Additionally, discussions between Choe and the oil refiners touched on strategies to navigate tightening global environmental regulations. The government also announced its intention to unveil a long-term plan for the development of sustainable aviation fuel in the third quarter, offering an environmentally friendly alternative suitable for use in existing aircraft.