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Japan lowers gasoline subsidy to 35.7 yen a litre

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TOKYO: Japan raised its gasoline subsidy for oil distributors to 35.7 yen (24.7 cents) a litre for the seven days from Thursday, versus 36.7 yen a week earlier, the industry ministry said.

Japan raises gasoline subsidy to 36.7 yen a litre

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.

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