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Japan lowers gasoline subsidy to 32.4 yen/litre

Japan lowered its gasoline subsidy for oil distributors to 32.4 yen (23.7 cents) a litre. (AFP)
Japan lowered its gasoline subsidy for oil distributors to 32.4 yen (23.7 cents) a litre. (AFP)
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24 Aug 2022 02:08:42 GMT9
24 Aug 2022 02:08:42 GMT9

Japan lowered its gasoline subsidy for oil distributors to 32.4 yen (23.7 cents) a litre for the seven days from Thursday, versus 33.8 yen a week earlier, the industry ministry said on Wednesday.

The temporary subsidy programme was adopted in January to cushion the blow from high crude prices because of tight global supplies, later exacerbated by the Ukraine conflict.

Reuters

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