The retail price of regular gasoline this week averaged 173.6 yen per liter, falling for the first time in five weeks, but still high.
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 4th was 173.6 yen per liter on a national average, down 1.3 yen from last week.
The main reason for this is that the global economy is slowing down due to interest rate hikes in the United States and the United Kingdom, and there is a growing belief in the market that demand for crude oil will decline, and crude oil prices are on a downward trend.
Gasoline prices have fallen for the first time in five weeks, and although the price level has been held down to a certain extent due to the effects of government subsidies, the prices are still high.
From the 7th, the Ministry of Economy, Trade and Industry will pay 40.8 yen per liter from the amount wholesaled to gas stations in various places.
Regarding the outlook for the future, the Oil Information Center said, "Gasoline prices are expected to fall again next week, but concerns about the supply of crude oil continue due to the situation in Ukraine, and it will remain high in the future." increase.