Gasoline price rises for the first time in 3 weeks despite a subsidy of up to 25 yen
Gasoline prices this week averaged 174.10 yen per liter nationwide, the first increase in three weeks despite a subsidy of up to 25 yen per liter.
Gasoline price rises for the first time in 3 weeks despite a subsidy of up to 25 yen (TBS News)
The Agency for Natural Resources and Energy announced that the price of regular gasoline as of the 4th was 174.10 yen per liter, up 10.00 yen from the previous week, the first increase in three weeks.
Diesel oil also increased in price by 10.00 yen to 153.80 yen. Kerosene prices were unchanged at 2,061 yen per 18 liters.
The U.S. has announced a coordinated release of oil stockpiles, and in China, Shanghai is effectively on lockdown due to the spread of the new corona outbreak, and demand is expected to decline, leading to lower current oil prices.
Gasoline prices are expected to remain mostly unchanged next week.
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