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Gasoline price drops for 8 consecutive weeks expected to increase next week due to Saudi influence | NHK News

2019-09-19T06:17:28.172Z

This week's retail price of regular gasoline averaged 142.9 yen per liter, dropping for 8 consecutive weeks. Meanwhile, investigate ...



Gasoline price expected to fall for 8 consecutive weeks, expected to rise next week due to Saudi influence September 19 15:06

This week's retail price of regular gasoline averaged 142.9 yen per liter, dropping for 8 consecutive weeks. On the other hand, the oil information center under investigation is expecting gasoline prices to rise next week as oil-related facilities attacked in Saudi Arabia and oil prices rose.

According to the Petroleum Information Center, which has been commissioned by the government and is investigating gasoline prices, the national average retail price of regular gasoline at that time was 142.9 yen per liter, down 0.1 yen from the previous week.

The price decline is the eighth week in a row, and the price of crude oil has fallen from the perspective that the global economy will slow down due to trade friction between the United States and China, and the demand for crude oil will decline.

On the other hand, crude oil prices rose significantly globally following the attack on Saudi Arabia's oil facilities on the 14th of this month.

In this regard, the Petroleum Information Center expects that the price of gasoline will rise next week because it takes about one to two weeks for the crude oil price to be reflected in the gasoline price.

Mr. Kohei Morikawa, a petrochemical industry association made by a petrochemical manufacturer, said that oil facilities in Saudi Arabia were attacked and the price of crude oil remained high. I can't say anything decisive, but the current situation is that there will be no impact on supply and demand. We must carefully monitor future trends, ”he said. Showed.

Mr. Masaru Nabeshima, who attended the conference, said, “There is no information on what will happen to the supply of naphtha from Saudi Arabia for naphtha, which is a raw material for synthetic fibers and plastics. It ’s pretty high, and naphtha stocks are n’t as good as crude oil, so if the problem is prolonged and the supply stops completely, it ’s going to have an impact. .

Source: nhk

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