The retail price of regular gasoline this week was 174 yen per liter on average nationwide, falling for the second straight week due to the effect of government subsidies, but it is still at a high level of over 170 yen.
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 28th was 174 yen per liter on average, down 0.6 yen from last week.
The price of regular gasoline has fallen for the second consecutive week, and the Ministry of Economy, Trade and Industry says that the retail price of 16.6 yen per liter was suppressed by a subsidy to a petroleum wholesale company, but it still exceeded 170 yen in 2008. Since then, the high price level has continued.
In addition, the over-the-counter price of kerosene was 2061 yen per 18 liters on average nationwide, down 7 yen from last week and falling for the second straight week.
The deadline for government subsidies to oil retailers, which had been until the end of this month, has been extended to the end of next month. Is up and retail prices are expected to start rising next week. "