TOKYO (MNI) – The average price of regular gasoline in Japan this
week fell to Y133.9 ($1.57) per liter, or $6.00 per gallon, from Y134.1
last week, the 11th consecutive weekly drop, according to data released
by the Oil Information Center on Wednesday.

The price was still higher than the Y125.3 per liter price of a
year earlier and the highest since Y136.6 marked on Nov. 10, 2008.

Retail gasoline prices were on a general uptrend from mid-January
2009 until May 31, when they began to ease.

This week the average price of high-octane gasoline stood at Y144.6
per liter, down from Y144.9 last week. It hit a record high of Y196.0 on
Aug. 4, 2008.

The average price for diesel oil stood at Y114.0 per liter this
week, down from Y114.1 last week. It compared with the record high of
Y167.4 hit on Aug. 4, 2008.

The average over-the-counter price of kerosene for heating stood at
Y1,409 per 18 liters, down from Y1,410 last week. It posted a record
high of Y2,378 on Aug. 11, 2008.

The average home-delivery kerosene price this week was at Y1,526
per 18 liters, down from Y1,527. It hit a record high of Y2,484 on Aug.
11, 2008.

tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4833**

[TOPICS: M$J$$$,M$A$$$,MAJDS$]