Japan Average Gasoline Price Posts 7th Straight Weekly Fall
TOKYO (MNI) – The average price of regular gasoline in Japan this
week fell to Y149.4 ($1.88) per liter, or $7.14 per gallon, down from
Y151.7 last week, marking a seventh straight weekly drop, data released
by the Agency for Natural Resources and Energy showed Wednesday.
The average retail price this week was just 0.1% below the Y149.5
per liter price seen a year earlier, posting a rare year-on-year decline
after a 0.4% rise in the previous week.
Before the recent decline, the price reached Y158.3 in the week
starting on April 2, the highest in three and a half years since Y161.6
seen in the week of Oct. 14, 2008.
The average price of high-octane gasoline stood at Y160.2 per liter
this week, down from Y162.5 in the previous week. It hit a record high
of Y196.0 on Aug. 4, 2008.
The average price of diesel fuel was at Y129.9 per liter, down from
Y131.9 in the previous week, the sixth straight weekly fall. That
compares with the record high of Y167.4 recorded on Aug. 4, 2008.
The average over-the-counter price of kerosene for heating stood at
Y1,696 per 18 liters this week, down from Y1,718 last week. It posted a
record high of Y2,378 on Aug. 11, 2008.
The average home-delivery kerosene price was at Y1,813 per 18
liters, down from Y1,836 the previous week. It hit a record high of
Y2,484 on Aug. 11, 2008. email@example.com
** MNI Tokyo Newsroom: 81-3-5403-4835 **
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