(EnergyAsia, September 13) — Japan has dismissed talks that it will release its domestic strategic petroleum reserves (SPR) to check rising domestic fuel prices. Kyodo news agency quoted economy minister Shoichi Nakagawa as saying that Japan is “not in a panic.” He also rejected suggestions that the government look at lowering tariffs on oil…
JAPAN: Reserves will not be tapped to check rising domestic fuel prices
Posted on September 13, 2005 by EnergyAsia