• Bloomberg


Idemitsu Kosan Co., the nation’s second-biggest refiner, will cut wholesale gasoline prices for a fourth consecutive week because of reduced oil prices, pushing down fuel prices that have already touched a six-month low.

Idemitsu plans to cut gas prices by ¥7.4 a liter starting Monday, the Tokyo-based company said in a statement Friday. The refiner will cut prices of diesel by ¥3.7 a liter and kerosene by ¥6.4.

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