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ECONOMY > Economic Indicators

Japan average pump price up for 3rd week

  • June 22, 2022
  • , Jiji Press , 4:04 p.m.
  • English Press

Tokyo, June 22 (Jiji Press)–The average retail price of gasoline in Japan as of Monday rose 2.7 yen from a week before to 173.9 yen per liter, up for the third straight week, the industry ministry said Wednesday.
   

The ministry will cut the amount of subsidies paid to refineries by 0.9 yen to 40.5 yen per liter on Thursday, still paying 40 yen or more for the second successive week to curb gasoline prices.
   

The previous week’s subsidies, at 41.4 yen, helped to lower gasoline prices by 41.9 yen per liter, according to the ministry.

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