S.Korea's LPG distributors rise on hopes govt will lift regulations on LPG cars
12/03/2019 01:48
** Shares in South Korea's major liquefied petroleum gas
(LPG) distributors jump after local media reported that the
government and the ruling party agreed to entirely scrap
regulations on LPG vehicles https://bit.ly/2SYK9kA
** LPG vehicles in South Korea are currently limited to
certain purposes such as taxis and rental cars
** The agreement is to utilise LPG-fuelled vehicles that
produce less amount of emissions compared with other types of
cars that run on gasoline or diesel - local media
** Shares of SK Gas Ltd 018670.KS and E1 Corp 017940.KS
rise as much as 6 pct and 6.6 pct, respectively
** The National Assembly plans to hold a committee meeting
and a plenary meeting on Tuesday and Wednesday to proceed a set
of bills to tackle air pollution including lifting a ban on
limited LPG usage for transportation fuel
** Broader market .KS11 up 0.7 pct, as of 0130 GMT
((Reuters Messaging: joori.roh.thomsonreuters.com@reuters.net))