Govt. to regularly check prices of automotive lubricant, marine fuel to stabilize supplies

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.