Japan Pump Price Logs 1st Drop in 18 Weeks
Tokyo, Sept. 13 (Jiji Press)--The average retail price of regular gasoline in Japan as of Monday fell 1.7 yen from a week before to 184.8 yen per liter, down for the first time in 18 weeks, thanks to the government's expanded subsidy program, the industry ministry said Wednesday.
The expanded program to provide oil wholesalers with subsidies to curb soaring retail prices took effect Thursday last week.
The average pump price rose in Kochi, Nagasaki, Oita, Miyazaki and Okinawa prefectures, stayed flat in Saga Prefecture and fell in the remaining 41 prefectures of the country. The highest price was 192.5 yen in Nagasaki, while the lowest was 179.7 yen in Iwate Prefecture.
The national average stood at 186.5 yen as of Sept. 4, logging a record high for the second consecutive week.
The government had planned to scrap the subsidy program at the end of this month after reducing the aid amount in stages. But pump prices rose from June, when the scaling down of the program started.
(2023/09/13-15:27)
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