The retail price of regular gasoline this week has fallen to 171.4 yen per liter on a national average for the third straight week, but it is still at a high level.
According to the Petroleum Information Center, which is commissioned by the government to investigate gasoline prices, the retail price of regular gasoline as of 19th was 171.4 yen per liter on a national average, down 1.3 yen from last week.
Gasoline prices have fallen for the third straight week, and the main reason for this is that the wholesale prices of oil wholesalers have been pushed down, partly due to the effects of government subsidies.
Since the 21st, the Ministry of Economy, Trade and Industry has paid 36.6 yen per liter from the amount wholesaled to gas stations in various places.
Regarding the outlook for the future, the Oil Information Center analyzes that "crude oil prices are on a downward trend due to monetary tightening in Europe and the United States and the economic slowdown in China, and it is expected that the retail price of gasoline will continue to decline." ..