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South Korea: Government to Expand Discounted Stations

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South Korea's Government plans to open more stations selling fuel at a discounted price nationwide, the Finance Ministry has announced. At an economic policymakers meeting called to discuss stabilising consumer prices, ministry representatives revealed that it aimed to increase the number of discount fuel stations to 433 by the end of the month.

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India: Economic Survey Calls for Diesel Subsidy Shake-Up

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India's latest Economic Survey, introduced to parliament by Finance Minister Pranab Mukherjee (pictured), has called for a major reform of the diesel subsidy system. Arguing that subsidising diesel has a significant impact on health, public finances and the environment, the document proposes a system whereby cost increases will be passed on to the consumer. 

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Malaysia: San Miguel Seeks Loan to Buy ExxonMobil Malaysia Assets - Report

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San Miguel is looking to finance its purchase of ExxonMobil's assets in Malaysia through an $800m loan, according to a Reuters report. San Miguel, which in August agreed to buy the US company's Esso Malayisia, Exxon Mobil Malsysia and Exxon Mobil Borneo assets, has hired Standard Chartered, Maybank and UOB to assist it in sourcing the financing, said unnamed sources to the news agency.

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