Japan raises gasoline subsidy to 36.7 yen a litre

TOKYO: Japan raised its gasoline subsidy for oil distributors to 36.7 yen (25.3 cents) a litre for the seven days from Thursday, versus 35.6 yen a week earlier, the industry ministry said.

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The temporary subsidy programme was adopted in January to cushion the blow from high crude prices because of tight global supplies, later exacerbated by the Ukraine conflict.