TOKYO (MNI) – The average price of regular gasoline in Japan this
week fell to Y145.8 ($1.85) per liter, or $7.03 per gallon, down from
Y147.4 last week, marking a ninth straight weekly drop, data released by
the Agency for Natural Resources and Energy showed Wednesday.
The average retail price this week was 1.2% below the Y147.6 per
liter price seen a year earlier, posting a third straight week of a
year-on-year decline following a 0.7% dip in the previous week.
In the May 21 week, the average price of regular gasoline marked
the first year-on-year drop since the week that started on Nov. 24,
2009.
Before the recent decline, the price reached Y158.3 in the week
starting on April 2, the highest in three and a half years since Y161.6
seen in the week of Oct. 14, 2008.
The average price of high-octane gasoline stood at Y156.6 per liter
this week, down from Y158.2 in the previous week. It hit a record high
of Y196.0 on Aug. 4, 2008.
The average price of diesel fuel was at Y127.1 per liter, down from
Y128.3 in the previous week, the ninth straight weekly fall. That
compares with the record high of Y167.4 recorded on Aug. 4, 2008.
The average over-the-counter price of kerosene for heating stood at
Y1,666 per 18 liters this week, down from Y1,679 last week. It posted a
record high of Y2,378 on Aug. 11, 2008.
The average home-delivery kerosene price was at Y1,784 per 18
liters, down from Y1,797 the previous week. It hit a record high of
Y2,484 on Aug. 11, 2008.
tokyo@marketnews.com
** MNI Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
