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Japan lowers gasoline subsidy to 38.4 yen/litre

The gasoline subsidy for oil distributors in Japan has been lowered to 38.4 yen (28.2 cents) a litre from June 30. (AFP)
The gasoline subsidy for oil distributors in Japan has been lowered to 38.4 yen (28.2 cents) a litre from June 30. (AFP)
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29 Jun 2022 03:06:05 GMT9
29 Jun 2022 03:06:05 GMT9

Japan lowered its gasoline subsidy for oil distributors to 38.4 yen (28.2 cents) a litre for the seven days from June 30, versus 40.5 yen a week earlier, the industry ministry said on Wednesday.

The temporary subsidy programme was adopted in January to ease the blow from high crude prices because of tight global supplies, exacerbated by the Ukraine conflict. ($1 = 136.0300 yen)

Reuters

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