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Japan resumes gasoline subsidies to curb rising fuel prices
5 articles |
Updated 1d ago |
Created 2d ago
The Japanese government has restarted emergency gas and diesel subsidy programs on Thursday, setting support at 30.20 yen per liter of regular gasoline through Wednesday with a goal to lower the national average retail price by approximately half way down towards around 170 yen (roughly $96 USD). This move comes as officials aim to mitigate rising costs driven partly by tensions in East Timor, which have impacted regional fuel markets.
Key Points
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1Japan's government resumed gasoline subsidies on Thursday to curb rising pump prices.
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2The subsidy program sets support at approximately 30.20 yen per liter of regular fuel through Wednesday, aiming for a national average retail price around the same level.
Developments
March 20
Japan restarted petrol subsidies to curb rising prices.
Mar 19, 21:47
The Japanese government resumed gasoline support at a rate of ¥30.20 per liter through Wednesday and aims for the national average retail price to reach approximately ¥170; diesel fuel is also covered under this program.
Mar 19, 15:10
Japan announced subsidies on gasoline (BBM) intended to prevent rising prices caused by conflict in Timor-Leste and the surrounding area.
Perspectives
Japan's government resumed gasoline subsidies on Thursday to curb pump prices.
— (Japantoday)The program also covers diesel and heavy oil to ease costs for bus
— [Mar 19, 21:47] Japan restarts gasoline subsidies to curb rising prices (Japantoday)