Nippon Oil to Up Wholesale Gasoline Prices By 0.9 Yen Per Liter
Posted on: Tuesday, 27 September 2005, 12:00 CDT
By Kyodo News International, Tokyo
Sep. 27--TOKYO -- Japan's largest oil distributor Nippon Oil Corp. said Tuesday it will raise wholesale prices for gasoline and diesel oil for October by 0.9 yen per liter from September to pass on higher crude oil prices.
It is the company's fourth straight price increase, but Nippon Oil officials said the company may keep wholesale prices unchanged in November if crude oil prices and foreign exchange rates move stably in their current ranges.
Two other major oil distributors -- Cosmo Oil Co. and Showa Shell Sekiyu K.K., a Royal Dutch/Shell Group unit -- said the same day they will also raise wholesale prices, by 1.2 yen and 1.1 yen, respectively.
Their announcements come a day after Idemitsu Kosan Co. and Japan Energy Corp. said they will increase wholesale prices by 1.2 yen for October.
-----
To see more of Kyodo News International, go to http://www.kyodonews.com
Copyright (c) 2005, Kyodo News International, Tokyo
Distributed by Knight Ridder/Tribune Business News.
For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.
5002, RD, SC, 5007, 5001, JNRGF, 5016,
Source: Kyodo News International, Tokyo
Related Articles
- Nippon Oil to Raise Wholesale Prices By 4.3 Yen in May
- Tokyo Gasoline Futures Hit Record High on Oil Price Rise, Accident
- Venezuela Says Oil Prices to Remain at Current Level
- CORRECTION: Sinopec Wants China to Reform Oil Pricing Policy
- High Crude Oil Prices to Raise Steelmakers' Costs By 100 Bil. Yen
- L.American Nations Consider Measures to Tackle Oil Price Surge
- Expert Predicts International Oil Price Slump
- Nippon Oil's April-June Group Net Jumps 63% on Higher Oil Prices
- Impact of Surging Crude Oil Prices Spreading in Japan: Survey
 |
 |
User Comments (0)
RSS Feeds