The retail price of regular gasoline this week was 168.6 yen per liter on a national average, falling for the third straight week, but the rate of decline has been modest and remains at the highest level since 2014.
In addition, the over-the-counter price of kerosene is the highest in about 13 years.
According to the Petroleum Information Center, which is commissioned by the government to investigate gasoline prices, the retail price of regular gasoline as of November 29 was 168.6 yen per liter on a national average, the third consecutive week of declines. ..
This is due to the widespread view that oil demand will settle down due to the re-expansion of the new corona infection in Europe and other countries, and the United States and Japan have decided to release oil reserves in cooperation with crude oil futures. The reason is that the price has dropped.
However, the rate of decline has been only 0.1 yen since last week, and it is still at the highest level since 2014.
On the other hand, the over-the-counter price of kerosene is 1952 yen per 18 liters on average, up 2 yen from last week, the highest price in about 13 years since October 2008.
Regarding the future outlook, the Petroleum Information Center said, "As the infection of the new mutant virus, Omicron strain, spreads worldwide, it is possible that the price of gasoline will fall due to the fall in crude oil prices. On the other hand, on December 2nd. We are paying close attention to what kind of decisions will be made regarding production volume from next month onward at the scheduled discussions with oil-producing countries. "