{
  "id": 12572439,
  "title": "SK Energy, HD Hyundai Oilbank face fines over alleged fuel price fixing",
  "url": "https://urgent.news/2026/10/07/sk-energy-hd-hyundai-oilbank-face-fines-over-alleged-fuel-price-fixing-12572439",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T07:27:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/companies/20261007/sk-energy-hd-hyundai-oilbank-face-fines-over-alleged-fuel-price-fixing"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Korea Times reports that SK Energy and HD Hyundai Oilbank may face fines of up to 4.63 trillion won ($3.45 billion) from the Fair Trade Commission (FTC) for allegedly colluding on gasoline, diesel, and kerosene prices. The FTC launched an investigation into the alleged price-fixing case, which reportedly took place from February 2022 to March 2023. This period coincided with the Russia-Ukraine war and the Iran war, during which petroleum products are deemed essential to household and economic activities. The two companies, along with GS Caltex and S-Oil, control approximately 98% of the domestic oil refining market in Korea. According to the FTC, SK Energy and HD Hyundai Oilbank exchanged information on prices and sales policies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "SK Energy, HD Hyundai Oilbank face fines over alleged fuel price fixing",
        "url": "https://urgent.news/2026/10/07/sk-energy-hd-hyundai-oilbank-face-fines-over-alleged-fuel-price-fixing",
        "published": "2026-10-07T07:02:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}