Japan increases gasoline subsidies

According to the Fars International Economic Group, quoted by Reuters, the Ministry of Industry of Japan announced that the country will increase gasoline subsidies for distributors from 5 to 5 yen per liter from Thursday.

A well-informed source in the Japanese government said that Tokyo would increase gasoline subsidies to 5 yen in order to prevent a sharp rise in fuel prices.

If the retail price of gasoline in Japan exceeds the threshold of 170 yen under the executive plan on January 27, the government will set weekly fuel subsidies.

Rising world oil prices have created problems for oil importers, including Japan and the United States. Rising fuel prices in countries lead to rising inflation.

Consumer countries tried hard to get OPEC plus To increase production and supply of oil, but the member countries of this group could not increase their production.

The feeling of dominating the oil market is still increasing Bankers Brent oil is projected to reach $ 100 a barrel and global oil supply will remain low.

According to analysts, crude oil has risen about 20 percent this year, just over a month ago, and is likely to exceed $ 100 a barrel due to high global demand.

Gasoline prices in the United States also reached $ 3,423 due to rising oil prices, the highest figure since September 2014, eight years ago.

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