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Prosecutors raid 4 major refiners over alleged oil price fixing
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Updated 2 hours ago
First seen March 23, 2026 09:58:53Stay on top of this story
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Quick Summary
Prosecutors on Monday raided four major domestic refiners over allegations of oil price fixing amid rising gas prices sparked by the Middle East conflict, legal sources said. The Seoul Central District Prosecutors Office sent investigators to the offices of the refiners -- SK Energy Co., GS Caltex Corp., S-Oil Corp. and HD Hyundai Oilbank Co. -- as well as the Korea Petroleum Association. The refiners are suspected of colluding to raise or freeze prices of oil and petroleum-related products in t