South Korea plans to extend fuel tax cuts on gasoline, diesel, and butane for two months, through January 31, to ease pressure from rising oil prices. According to Sina Finance, citing a statement from South Korea's Ministry of Economy and Finance, the cuts will remain at 15% for gasoline and 25% for diesel and butane during the extension. The government said it would continue the larger cuts for diesel and butane because the fuels are widely used by small vans and low-income households.