As crude oil prices continue to rise, the LDP has put together an urgent proposal calling for a significant increase in subsidies to oil wholesalers, which have a maximum of 5 yen per liter, in order to curb the rise in gasoline prices. On the 17th, we will formally decide and apply to the government.
As crude oil prices continue to rise due to the effects of the situation in Ukraine, the Liberal Democratic Party has put together an urgent proposal that incorporates necessary measures.
Among these, the government has urgently provided the necessary budget for the subsidy to the oil wholesale company that has been implemented since last month to curb the rise in gasoline prices, and the amount of support currently up to 5 yen per liter is provided. It should be significantly expanded.
On the other hand, regarding the so-called "trigger clause", which suspends the taxation of about 25 yen per liter of gasoline tax, the clause has not been activated based on the cautious opinions within the government and the ruling party. However, we are requesting a review of the system so that we can provide more support than that.
In addition, the government will support unique efforts by local governments such as subsidizing kerosene purchase costs, measures will be taken so that small and medium-sized enterprises can pass on the increase in crude oil prices, and support for agriculture, fishing, and transportation. We also want to consider.
The Liberal Democratic Party will formally decide after discussing this proposal at the meeting on the 18th, and will apply to Chief Cabinet Secretary Matsuno and Minister of Economy, Trade and Industry Hagita.