TOKYO, Oct. 12 (Xinhua) — The common retail worth of standard gasoline in Japan as of Tuesday fell 2.4 yen (0.016 U.S. {dollars}) from per week earlier than to 176.9 yen (1.18 U.S. {dollars}) per liter, the business ministry mentioned Thursday.
The decline for the fifth consecutive week got here after the federal government final month enhanced subsidies to grease refiners in an effort to carry down pump costs, the ministry mentioned, including that the common worth would have been 212.4 yen with out the subsidies.
In the reporting week, costs went down in all 47 prefectures. Hokkaido had the bottom determine, at 169.5 yen, whereas Nagasaki had the best, at 188.3 yen.
The authorities goals to decrease the value to round 175 yen this month. Pump costs have already dropped beneath 175 yen in 15 prefectures.