TOKYO (AFX-ASIA) – Japanese oil companies plan to reduce their wholesale prices of products such as gasoline to retailers by 1 to 1.2 yen per liter, starting with May shipments, the Nihon Keizai Shimbun reported, without citing sources. (US$1=120 yen). Reflecting the decline in crude oil prices now that the war in Iraq appears to…
JAPAN: Oil firms to cut wholesale prices as Iraq war ends Ð report
Posted on May 8, 2003 by EnergyAsia