Business | Jul 21

Japan cuts gasoline subsidy to 36.6 yen a litre

Jul 21 (channelnewsasia.com) - Japan lowered its gasoline subsidy for oil distributors to 36.6 yen (26.5 cents) a litre for the seven days from Thursday, down from 36.9 yen a week earlier, the industry ministry said.

The temporary subsidy plan was adopted in January to cushion the blow from high crude prices because of tight global supplies, later exacerbated by the Ukraine conflict.


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