European governments are rolling out a range of measures aimed at easing the pressure of rising fuel prices, with approaches varying from tax cuts to direct market intervention. Poland has moved to significantly reduce the tax burden on fuel by cutting VAT from 23% to 8%.

March 26 (Asia Today) -- South Korea will raise its second round of fuel price caps starting at midnight Friday, pushing expected retail gasoline prices above 2,000 won per liter (about $1.50).