BREAKING NEWS: Japan to gradually reduce gasoline subsidies from Dec.: Takaichi
9 Articles
9 Articles
(Tokyo=Yonhap News) Correspondent Lee Do-yeon = The Japanese government has decided to provide subsidies for electricity and gas ahead of winter, when heating demand increases.
Topic of interest: Prime Minister announces "5 yen monthly increase in gasoline starting in December"; electricity and gas subsidies to be around 7,000 yen total https://t.co/Lg234rBORF The Prime Minister has indicated a policy to reduce subsidies. Currently 50 yen per liter
On the 30th, the government approved a cabinet decision to allocate 1.1458 trillion yen from the 2026 budget's reserve fund to fund subsidies aimed at curbing rising gasoline prices. The government will increase the fund that will serve as the source of funding and continue providing subsidies for the time being. A gradual reduction will begin in December.
The Japanese Prime Minister said that the government intends to raise the target price for petrol at fuel stations by 5 yen per month, from December until next spring, as part of its effort to control the increased expenditures of the fuel support programme. The Japanese government is providing oil refinery support to keep the price of petrol to the consumer at about 170 yen ($1.08) per litre. [...] The Japanese article plans to start gradually …
Japan plans to gradually reduce subsidies for gasoline and other fuels starting in December this year. At this time, the Chief Minister of Japan, Sanae Takaiçi, made a statement. According to his words, the sales price of gasoline in target retail will be increased by 5 yen for a liter every month from December onwards. Currently, the dominant retail sales price is approximately 170 yen for one liter […]
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