TOKYO (MNI) – The average price of regular gasoline in Japan this
week rose to Y147.7 ($1.88) per liter, or $7.14 per gallon, from Y146.5
last week, marking a fourth straight weekly rise, data from the Agency
for Natural Resources and Energy showed Wednesday.
The average retail price this week was 0.2% above the Y147.4 per
liter price seen a year earlier, the first year-on-year rise in 16 weeks
following the 1.2% drop in the previous week.
The average price of regular gasoline reached Y139.4 in the week
that began on July 9, the lowest since Y139.0 in the Feb. 28, 2011 week.
In the May 21, 2012 week, the average price of regular gasoline
marked the first year-on-year drop since the week that started on Nov.
Before the recent decline, the price reached Y158.3 in the week
starting April 2, the highest in three and a half years.
The average price of high-octane gasoline stood at Y158.5 per liter
this week, up from Y157.4 in the previous week. It hit a record high of
Y196.0 on Aug. 4, 2008.
The average price of diesel fuel was at Y127.4 per liter, up from
Y126.7 from the previous week. 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
Y1,644 per 18 liters this week, up from Y1,633 last week. It posted a
record high of Y2,378 on Aug. 11, 2008.
The average home-delivery kerosene price was at Y1,763 per 18
liters, up from Y1,752 the previous week. It hit a record high of Y2,484
on Aug. 11, 2008.
** MNI Tokyo Newsroom: 81-3-6860-4821 **