The nationwide average retail price of regular gasoline this week was 169.8 yen per liter, falling for the first time in two weeks.
According to the Petroleum Information Center, which is commissioned by the government to investigate gasoline prices, the average retail price of regular gasoline as of the 15th was 169.8 yen per liter nationwide, down 0.3 yen from last week.
The main factors behind the drop in crude oil prices are the slowdown in the global economy due to successive interest rate hikes by central banks in Europe and the United States, and the resurgence of the new coronavirus in China, which is expected to reduce the demand for crude oil. is.
From the 18th, the Ministry of Economy, Trade and Industry will pay 33.8 yen per liter for the amount wholesaled to gas stations in various places.
As for the future outlook, the Petroleum Information Center says, ``The downward trend in gasoline prices will continue next week, partly due to the effect of subsidies to wholesale oil companies.''