As crude oil prices soar, the government will raise retail prices by subsidizing oil wholesalers if regular gasoline prices exceed a certain level, as a new economic measure decided on 19th this month. We have decided to incorporate new measures to curb the price.
Specifically, if the national average retail price of regular gasoline exceeds a certain level, we will subsidize oil wholesale companies up to 5 yen per liter.
The government assumes that the average price of regular gasoline will exceed 170 yen per liter.
This will prevent oil wholesale companies from passing on the rise in crude oil prices to wholesale prices, and aims to stop the rise in retail prices at gas stations and other places.
Regarding measures against high crude oil prices, Minister of Economy, Trade and Industry Hagiuda has expressed his intention to take prompt measures by utilizing the reserve fund of this year's budget so that the people can feel secure toward the end of the year. rice field.