Japan’s average gasoline cost rises to 7 year high

The average retail gasoline price in Japan climbed to its highest level seven years earlier this week, reflecting a recent global surge in crude oil prices, the Ministry of Economy, Trade, and Industry said Wednesday.

The average price for regular gasoline stood at 162.10 yen per liter as of Monday, advancing 2.10 yen from Oct 4 and hitting its highest level since October 2014, according to the ministry.

The surge in crude oil prices over the past few weeks has raised fears over increasing inflation and stirred uncertainty over the global economy.

© KYODO

World News including Title: Average gasoline price in Japan rises to 7-year high
Sourced From: japantoday.com/category/business/japan-average-gasoline-price-rises-to-7-yr-high
Published Date: 10/13/21

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