• Bloomberg

  • SHARE

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.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW