business

JX Nippon Oil & Energy Corp to refine less crude oil in September

2 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© (c) Copyright Thomson Reuters 2015.

©2024 GPlusMedia Inc.

2 Comments
Login to comment

Another way to maintain high oil prices at the pumps. Planned maintenance, you mean this has nothing to do with the price of oil at the moment??. Suppliers never like lowering prices to the consumer even when prices fall like all the commodities at the moment.

1 ( +1 / -0 )

Suppliers never like lowering prices to the consumer even when prices fall like all the commodities at the moment.

Welcome to Japan, land of corporate collusion and price fixing. Remember when the yen gained 40% against foreign currencies from 2008 to 2012? We didn't see the price of imported goods drop in price by a single yen. When I priced a new car in Tokyo in 2007, when the rate was 131 yen to the dollar, the same car was the same price in 2012, when the rate was 74 yen to the dollar.

According to the companies who practice this thievery, they say they do it to "protect consumers from price fluctuations". We won't see much, if any drop in prices at the gas pumps or our energy bills.

1 ( +1 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites