South Korea Eyes Driving Limits as Oil Prices Rise

South Korea is mulling a nationwide rule that would restrict car use if oil costs climb beyond current levels. The idea is to curb energy demand amid worries that the U. S. -Israel conflict could tighten supplies from the Middle East. The government would look at expanding a pilot program that already limits vehicles in public offices. Finance Minister Koo Yun‑cheol said the policy could widen if crude prices hit about $120 to $130 a barrel, up from the existing $100 to $110 range. If applied to all citizens, it would be the first country‑wide driving restriction since 1991. The measure would trigger when the nation’s resource‑security alert moves to the “warning” stage, the third level of a four‑tier system.The finance ministry noted that any decision will depend on supply conditions and the overall economy. It also hinted at possible fuel‑tax cuts to help households cope with higher energy costs. South Korea gets roughly 70 % of its oil from the Middle East, making it vulnerable to price swings. Last week a five‑day rotation schedule was imposed on government vehicles, using licence plate numbers to decide who could drive each day. Energy Minister Kim Sung‑whan said authorities are reviewing tighter demand‑management steps if the alert level rises, while also encouraging businesses to adopt voluntary fuel‑saving habits. Large companies such as Samsung Electronics and SK Group have urged staff to reduce private car use. Politicians on social media are promoting public transport and bicycles, hoping the public will join the effort to lower energy consumption.