Two of Japan’s largest downstream oil companies, Nippon Oil Corp. and Idemitsu Kosan Co. said they will raise gasoline wholesale prices by 4 yen per liter on June 1, reflecting the recent rise in oil prices on the world markets. (US$1=110 yen). As a result of the move, motorists will have to pay more at…
JAPAN: Oil companies to raise gasoline wholesale prices by more than 3%
Posted on May 31, 2004 by EnergyAsia