Millions of Japanese consumers could reportedly suffer an increased heating cost burden this winter if South Korea bans exports of heating fuel to its neighbor,... amid the deepening trade tensions between the two countries.
This is according to Bloomberg on Monday,... which explains the local production of kerosene,... used as heating fuel in colder northern party of Japan,... accounts for 90 percent of the country's consumption, while most of its imports come from South Korea.
Citing industry sources,... the article said an export ban by Seoul could cause shortages and price hikes.