Japan raises gasoline subsidy to 36.7 yen a litre

Japan raises gasoline subsidy to 36.7 yen a litre
A petrol station attendant fills gasoline cans at a Shell petrol station of Suzuka Circuit in Suzuka, Japan October 5, 2017. REUTERS/Toru Hanai

TOKYO : Japan raised its gasoline subsidy for oil distributors to 36.7 yen (25.3 cents) a litre for the seven days from Thursday, versus 35.6 yen a week earlier, the industry ministry said.

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.

($1=144.8200 yen)

 

 

Source: Reuters