Japan to lift ceiling for gasoline subsidy to 35 yen/litre -NHK
21/04/2022 22:47
TOKYO, April 22 (Reuters) - The Japanese government is
making preparations to lift the ceiling for gasoline subsidies
provided to oil distributors to 35 yen ($0.2727) a litre from 25
yen, public broadcaster NHK reported on Friday.
The temporary subsidy programme was adopted in January to
mitigate high fuel prices after tight global supplies boosted
crude prices LCOc1 , with further pressure added by the Ukraine
conflict that began on Feb. 24.
The subsidies are due to end this month and the government
has been discussing the possibility of extending them as well as
raising the ceiling as high energy prices hit homes and
companies.
($1 = 128.3600 yen)
(Reporting by Chang-Ran Kim; Editing by Leslie Adler)
((ran.kim@thomsonreuters.com; +81-3-4520-1228;))