This week's retail price of regular gasoline has risen for the seventh straight week at an average of 158.3 yen per liter, the highest level in about two years and eight 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 19th was 158.3 yen per liter on average, up 0.3 yen from last week.
The price has risen for 7 consecutive weeks, the highest level in about 2 years and 8 months.
This is because crude oil prices are rising and are being passed on to retail prices due to the view that economic activity will normalize and demand for petroleum products will increase as vaccination with the new coronavirus progresses mainly in Europe and the United States. This is due to the fact that it has spread.
On the other hand, regarding the future outlook, the group that conducted the survey said, "As the infection of the mutant virus confirmed in India spreads worldwide, the crude oil price is currently falling due to concerns about the economic slowdown, and this is the retail price. As reflected in the above, there is a possibility that the upward trend of prices will settle down from next week onwards. "