Gasoline prices in Japan reach a record high of 185.6 yen

MG News | August 30, 2023 at 12:11 PM GMT+05:00

0:00

August 30, 2023 (MLN): Japan’s nationwide average retail price of regular gasoline rose by 1.9 yen to a record high of 185.6 yen ($1.27) per liter over the week to August 28, marking the 15th consecutive weekly increase, the Ministry of Economy, Trade and Industry said on Wednesday, as Reuters reported.

The previous record was 185.10 yen per liter, in August 2008.

Gasoline prices have been rising steadily in Japan due to the weaker yen and higher global oil prices.

The government said last week it may extend support given the persistent price hikes.

The government is considering extending until year-end fuel subsidies to keep gasoline prices below 180 yen a liter, three people with direct knowledge of the matter said on Tuesday.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,073.73 239.25M	-0.08% -130.44
ALLSHR	103,120.18 648.63M	-0.20% -206.29
KSE30	52,237.50 75.59M	-0.16% -86.08
KMI30	243,705.75 64.55M	-0.42% -1027.98
KMIALLSHR	66,920.67 287.33M	-0.36% -243.91
BKTi	47,435.09 35.67M	0.57% 269.64
OGTi	33,136.01 4.63M	-0.58% -193.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,465.00	87,525.00 87,130.00	-220.00 -0.25%
BRENT CRUDE	62.45	62.57 61.72	0.38 0.61%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.40 2.71%
ROTTERDAM COAL MONTHLY	96.45	96.65 96.35	0.05 0.05%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.57	58.62 58.36	0.19 0.33%
SUGAR #11 WORLD	15.17	15.24 14.96	0.18 1.20%