Average Pump Price Up for 14th Week in a Row
11:55 JST, August 24, 2023
TOKYO (Jiji Press) — Retail prices of regular gasoline in Japan averaged ¥183.7 per liter as of Monday, up ¥1.8 from a week before and increasing for the 14th consecutive week, the industry ministry said Wednesday.
The pump price neared the record high of ¥185.1, due to high crude oil prices, the weak yen and the Japanese government’s downscaling of subsidies aimed at curbing gasoline prices.
Among Japan’s prefectures, the highest average price was in Nagano Prefecture, at ¥192.3.
The current budget measure for the government subsidies is set to end at the end of next month.
On Tuesday, Prime Minister Fumio Kishida instructed his government to consider measures to deal with the rising prices of fuels, including gasoline. “We will draw up a final plan by the end of this month, so that the public can feel its effects from early September,” he told reporters.
The government started providing the subsidies in January last year and has repeatedly extended the measure, spending some ¥6 trillion on it so far.
"Politics" POPULAR ARTICLE
-
Japan Ministry Concerned Over Same-Sex Couple Receiving City-Issued Resident Certificates Referring to ‘Common-Law Husband’
-
Japan Govt Predicts China’s Forces Could Land on Taiwan Within 1 Week of Enforcing Blockade; Drills Conducted in 2023 Analyzed
-
Tokyo Governor Yuriko Koike Wins Third Straight Term; Voters Respond to Achievements in Child Care, Education
-
Incumbent Tokyo Governor Leads as Election Day Approaches; 20% of Survey Respondents Still Undecided
-
Japan, U.S. to Compile Joint Document on Extended Deterrence; Foreign, Defense Ministers to Hold Talks
JN ACCESS RANKING
- Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
- Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
- Japan Ministry Concerned Over Same-Sex Couple Receiving City-Issued Resident Certificates Referring to ‘Common-Law Husband’
- Japan Court OKs Sex Change without Surgery
- Pacific Islands Leaders Not Totally in Tune on China Approach as Meeting Ends in Tokyo; Positions Differ on Treated Water, Joint Drills