TOKYO (MNI) – The average price of regular gasoline in Japan this
week fell to Y137.5 ($1.50) per liter, or $5.70 per gallon, from Y138.3
last week, posting the third consecutive weekly drop, according to data
released by the Oil Information Center on Wednesday.

But it was still much higher than the Y121.2 price of a year
earlier and the highest since Y141.0 marked on Nov. 4, 2008.

Retail gasoline prices have been on a general uptrend since
mid-January 2009 until the week ended May 29.

The national average price of Y106.0 marked on Jan. 13, 2009 was
the lowest level since the Y100.8 recorded on March 29, 2004.

This week the average price of high-octane gasoline stood at Y148.3
per liter, down from Y149.1 last week. It hit a record high of Y196.0 on
Aug. 4, 2008.

The average price for diesel oil stood at Y116.2 per liter this
week, down from Y116.8 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
Y1,426 per 18 liters, down from Y1,431 last week. It posted a record
high of Y2,378 on Aug. 11, 2008.

The average home-delivery kerosene price this week was at Y1,544
per 18 liters, down from Y1,549. It hit a record high of Y2,484 on Aug.
11, 2008.
** Market News International Tokyo Newsroom: 81-3-5403-4833**

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