TOKYO, Sept. 6 (Xinhua) — The common retail worth of standard gasoline in Japan got here to a file excessive of 186.5 yen per liter, trade ministry information confirmed Wednesday.
The common pump worth as of Monday was up 0.9 yen from per week earlier than, rising for 16 straight weeks, based on the Ministry of Economy, Trade and Industry.
The continued rise got here amid increased crude oil costs and a weaker yen, in addition to the Japanese authorities’s gradual downsizing of its subsidies to push down gasoline costs from June.
Starting Thursday, the federal government will develop this system to pay subsidies to grease wholesalers.
Previously, the Japanese authorities deliberate to halt the subsidy program, designed to curb the influence of a surge in gasoline and different gas costs, on the finish of September, which might additional have an effect on households amid surging inflation.