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Japan Keeps Gasoline Near ¥170 Through Weekly Subsidy as Prices Hold Steady

Weekly subsidies of ¥37.20 per liter are propping up pump prices as softer crude linked to rising hopes for peace in Iran eases wholesale pressure.

Overview

  • The Ministry of Economy, Trade and Industry reported the national average retail price for regular gasoline held at ¥169.20 per liter in the latest official survey.
  • The government’s ongoing weekly support program remains in force with the current subsidy set at ¥37.20 per liter to keep consumer prices near the ¥170 target.
  • Movements across fuel types were small: diesel edged down to ¥158.50 per liter and household kerosene rose to ¥2,522 for 18 liters.
  • The Agency for Natural Resources and Energy found the Tohoku regional average steady at ¥168.20 per liter but prefectures diverged, with Fukushima up ¥0.70, Yamagata at a regional high of ¥176.10, and Miyagi at a regional low of ¥162.90.
  • Market watchers at the Oil Information Center say calmer crude markets tied to improved Iran peace expectations have helped stabilize wholesale costs, and continued weekly subsidy decisions will shape near‑term retail trends and household fuel bills.