Minister hints at expanding vehicle rotation system to private sector if oil prices further rise

Finance Minister Koo Yun-cheol said Sunday the government could expand a mandatory five-day vehicle rotation system to the private sector if global oil prices rise to $120-130 per barrel as part of nationwide energy-saving efforts amid an escalating conflict in the Middle East. "If the situation worsens, we may have to raise the national resource crisis alert to Level 3," Koo told a KBS television interview. "In that case, we would extend the vehicle rotation system to the private sector and see

By The Korea Herald