ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan to quintuple gasoline subsidies in wake of $100 crude

Trade ministry is wary of government largesse targeting drivers

Japan has introduced a gasoline subsidy to keep prices steady at the pump.    © Reuters

TOKYO -- The Japanese government plans to expand subsidies designed to control fuel-pump prices as a further spike is anticipated following Russia's invasion of Ukraine.

Under what is termed as a temporary measure, Tokyo currently subsidizes gasoline distributors by up to 5 yen per liter. The cap will be quintupled to 25 yen starting in March. The government is expected next week to release details of the plan.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more