TOKYO (MNI) – The average price of regular gasoline in Japan this
week fell to Y153.3 ($1.92) per liter, or $7.30 per gallon, down from
Y153.9 last week, marking a fifth straight weekly drop, data released by
the Agency for Natural Resources and Energy showed Wednesday.
The average retail price this week was 0.7% above the Y152.2 per
liter price seen a year earlier, with the pace of year-on-year gains
decelerating further from a 0.9 % rise in the previous week.
Before the recent decline, the price reached Y158.3 in the week
starting on April 2, the highest in three and a half years since Y161.6
seen in the week of Oct. 14, 2008.
The average price of high-octane gasoline stood at Y164.1 per liter
this week, down from Y164.7 in the previous week. It hit a record high
of Y196.0 on Aug. 4, 2008.
The average price of diesel fuel was at Y133.3 per liter, down from
Y133.7 in the previous week. That compares with the record high of
Y167.4 recorded on Aug. 4, 2008.
The average over-the-counter price of kerosene for heating stood at
Y1,734 per 18 liters this week, down from Y1,738 last week. It posted a
record high of Y2,378 on Aug. 11, 2008.
The average home-delivery kerosene price was at Y1,851 per 18
liters, down from Y1,854 the previous week. It hit a record high of
Y2,484 on Aug. 11, 2008.
tokyo@marketnews.com
** MNI Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
