Amid concerns about rising crude oil prices, the government has decided on additional measures, including raising the upper limit of subsidies to oil wholesalers from the current 5 yen to 25 yen.
Chief Cabinet Secretary Matsuno instructed his relevant ministers to implement it promptly and consider further countermeasures.
Amid concerns about further increases in crude oil prices due to Russia's military invasion of Ukraine, the government held a ministerial meeting at the Prime Minister's Office and decided on additional measures.
According to this, the upper limit of subsidies to oil retailers will be raised from the current 5 yen to 25 yen in order to curb the rise in retail prices of gasoline and other products, and will be applied from the 10th of this month.
In addition to compensating for the soaring price of LP gas as fuel for taxi operators, it will also support the purchase of kerosene and heating costs through local governments.
Furthermore, in order to support the financing of small and medium-sized enterprises affected by the rise in crude oil prices, we have set up special loan consultation desks at 1000 locations nationwide, and have included policy packages for a wide range of fields, such as lending at low interest rates. increase.
The budget for these measures is about 360 billion yen.
Chief Cabinet Secretary Matsuno said, "We will take various measures in multiple layers to minimize the impact on people's lives and corporate activities. It is necessary to take agile measures as the situation changes day by day." We instructed the relevant ministers to implement it, verify the effect, and consider further countermeasures.