The retail price of regular gasoline this week has fallen to 170.4 yen per liter on a national average due to a government subsidy for the fifth straight week.

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 16th was 170.4 yen per liter on a national average, down 0.7 yen from last week.



The price has dropped for 5 consecutive weeks.



The government has expanded subsidies to oil wholesalers since 28th last month as part of emergency measures in light of rising prices, and the Ministry of Economy, Trade and Industry has raised the retail price to 32.3 yen per liter this time. It explains that it had the effect of suppressing it.



However, it exceeds the national subsidy standard of 168 yen per liter.



Since crude oil prices have been on the rise recently, the Ministry of Economy, Trade and Industry has decided to pay 36.1 yen per liter from the amount wholesaled to gas stations in various places after 19th, taking that amount into account. increase.

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