The retail price of regular gasoline this week was 170.2 yen per liter on a national average, the highest level in about 13 years and 4 months.
The government will embark on the first steps to curb retail price increases and will apply to prices after the 27th.
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 24th was 170.2 yen per liter on average, up 1.8 yen from last week.
While there is widespread belief that the global impact of the spread of Omicron strains on economic activity is limited, there have been a series of oil facility explosions and fires in the Middle East, as well as Russia, Europe and the United States. Continued tensions over Ukraine have led to increased supply concerns and rising oil prices.
The price has risen for 3 consecutive weeks, the highest level in about 13 years and 4 months.
In order to curb the price increase, the government has decided to take an unusual measure of subsidizing the oil sales company when the retail price exceeds 170 yen, and it has met this condition. Become.
The measures will be applied after the 27th.
In addition, the over-the-counter price of kerosene was 1987 yen per 18 liters on a national average, an increase of 29 yen from last week.
Regarding the outlook for the future, the Oil Information Center said, "Crude oil prices are on the rise, but the effects of government measures may prevent them from being passed on to retail prices."