TOKYO, Oct. 4 (Xinhua) — The common retail value of normal gasoline in Japan fell beneath 180 yen (1.21 U.S. {dollars}) per liter for the primary time in about two months, business ministry knowledge confirmed Wednesday.
The common pump value as of Monday was down 1.2 yen from every week earlier than to 179.3 yen, dropping for the fourth straight week, in line with the Ministry of Economy, Trade and Industry.
The continued drop got here after the Japanese authorities expanded its subsidies to grease wholesalers to push down gasoline costs.
Some 20 among the many nation’s 47 prefectures nonetheless noticed the typical pump value at 180 yen or increased.
Previously, the Japanese authorities deliberate to halt the subsidy program, designed to curb the affect of a surge in gasoline and different gasoline costs, on the finish of September.
The ministry predicted that the nationwide common value would have reached 212 yen if the subsidies had not been offered. (1 Japanese yen equals 0.0067 U.S. {dollars})