B0120 Mazda Cosmo is described as Fuel System Too Rich, which basically means bank 1's oxygen sensor has detected a rich condition of fuel. This means there's not enough oxygen in the exhaust from too much fuel being delivered into the air and gas mixture for combusion. As you drive and when specific conditions are slowly met, the vapors will gradually purge from the charcoal canister and will get burned within your engine.
Possible Causes :
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Look at the plug wires to make sure they are not burnt or laying on the exhaust. Use the DVOM to test resistance and continuity on all system circuits if actuator and sensor resistance levels are in compliance with manufacturer's specifications. Find out what kind of system you have and verify that voltage to the fuel level sensor is present at the fuel pump wiring harness.
Diagnostic trouble code B0120 Mazda Cosmo is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before B0120 Mazda Cosmo.
Fortunately, B0120 Mazda Cosmo is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.