As of the 19th of this month, the retail price of regular gasoline nationwide averaged 168.1 yen per liter, down 0.1 yen from last week.
According to the Petroleum Information Center, which is commissioned by the government to investigate gasoline prices, interest rate hikes by central banks in Europe and the United States and the spread of new coronavirus infections in China are increasing concerns about an economic recession. , fell for the first time in four weeks.
From the 22nd, the Ministry of Economy, Trade and Industry will provide a subsidy of 15.6 yen per liter for wholesale gas stations in various places.
Regarding the future outlook, the Oil Information Center said, "OPEC (Organization of the Petroleum Exporting Countries) expects oil demand to increase next year, and crude oil prices are rising. Along with that, the amount of government subsidies will increase, so gasoline prices will increase. There will be no big changes," he said.