The retail price of regular gasoline this week was 158 yen per liter on a national average due to the upward trend in crude oil prices.
The price has risen for 6 consecutive weeks, reaching the highest level in about 2 years and 8 months.
According to the Petroleum Information Center, which is commissioned by the government to investigate gasoline prices, the retail price of regular gasoline as of the 12th was just 158 yen per liter on average, up 0.5 yen from last week.
The price has risen for 6 consecutive weeks, reaching the 158 yen level for the first time in about 2 years and 8 months since November 2018.
As vaccination of the new coronavirus progresses in Europe and the United States and economic activity normalizes, prices of various petroleum products may increase in the future, and prices are on the rise in the domestic and overseas crude oil markets. Being affected.
Regarding the outlook for the future, the Oil Information Center said, "Negotiations between oil-producing countries over increasing crude oil production have not progressed and uncertainty is increasing. It is difficult to forecast gasoline prices in the future."