• Bloomberg


Idemitsu Kosan Co., Japan’s second-biggest refiner, may follow the example of Nippon Oil Corp. in adopting a new pricing method to better reflect soaring crude-import costs, company President Akihiko Tembo said Wednesday.

Starting in October, Idemitsu may link its wholesale prices to overseas fuel prices and ex refinery prices assessed by Rim Intelligence Co., a local pricing agency, Tembo told reporters in Tokyo.

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