Refiners move to cut fuel supply prices due to Iran crisis

Refiners move to cut fuel supply prices due to Iran crisis

Korea's major oil refiners are moving to cut supply prices of oil to contribute to the country’s efforts to curb surging prices at gas stations nationwide, while the U.S.-Israel conflict with Iran destabilizes trade. The development came as President Lee Jae Myung last week warned against possible collusion to fix oil prices by refiners and gas station operators here, as the country's gasoline and diesel prices rose sharper than other comparable…