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 markets. According to industry sources Sunday, major refiners here have either adjusted their supply prices or plan to cooperate with the government and rest of the domestic oil industry to stabilize prices at domestic gas stations. The sources added that several refiners slightly lowered their supply prices for gas stations late last week as part of efforts to support the government’s push to contain fuel prices. Other refiners which have not yet decided to cut their supply prices also vowed to "cooperate with the government’s oil price stabilization policies as much as possible," according to the sources. The companies’ cooperative stanc