TOKYO (MNI) – The average price of regular gasoline in Japan this
week climbed to Y149.2 ($1.92) per liter, or $7.30 per gallon, from
Y148.7 last week, marking a seventh straight weekly rise, data from the
Agency for Natural Resources and Energy showed Wednesday.
The average retail price this week was 2.8% above the Y145.2 per
liter price seen a year earlier, a fourth straight week of year-on-year
rise, following a 2.0% gain in the previous week.
In recent months, the average price of regular gasoline reached
Y139.4 in the week that began on July 9, the lowest since Y139.0 in the
Feb. 28, 2011 week.
In the May 21, 2012 week, the average price of regular gasoline
marked the first year-on-year drop since the week that started on Nov.
24, 2009.
Earlier, the gasoline price hit Y158.3 in the week starting on
April 2, the highest in three and a half years.
The average price of high-octane gasoline stood at Y160.0 per liter
this week, up from Y159.6 in the previous week. It hit a record high of
Y196.0 on Aug. 4, 2008.
The average price of diesel fuel was at Y128.5 per liter, up from
Y128.1 from the previous week. That compares with the record high of
Y167.4 recorded on Aug. 4, 2008.
The average over-the-counter price of kerosene for heating stood at
Y1,660 per 18 liters this week, up from Y1,656 last week. It posted a
record high of Y2,378 on Aug. 11, 2008.
The average home-delivery kerosene price was at Y1,779 per 18
liters, up from Y1,775 the previous week. It hit a record high of Y2,484
on Aug. 11, 2008.
tokyo@marketnews.com
** MNI Tokyo Newsroom: 81-3-6860-4821 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
