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ECONOMY > Energy

Concerns grow in Japan over higher gasoline prices

  • September 19, 2019
  • , Jiji Press , 10:38 p.m.
  • English Press

Tokyo, Sept. 19 (Jiji Press)–Concerns are rising in Japan over higher gasoline prices in the wake of Saturday’s attacks on oil facilities in Saudi Arabia.


A standoff has been continuing between the United States and Saudi Arabia on one side and Iran on the other.


“Crude oil prices may rise further depending on the situation” in the Middle East, an official in the oil industry said.


Some predict that the average retail price of regular gasoline in Japan may top 150 yen per liter in the near future.


Japan’s Natural Resources and Energy Agency said Thursday that the average regular gasoline price as of Tuesday dropped 0.1 yen from a week before to 142.90 yen, down for the eighth consecutive week.


Takashi Tsukioka, president of the Petroleum Association of Japan, told a news conference the same day that no major problem has occurred with the crude oil supply from Saudi Arabia to Japan.


But he also said, “There is no guarantee that an attack similar to Saturday’s won’t happen again,” expressing concern over a future surge in crude oil prices.

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