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Japan Gas Prices Hit 17-Month High Amid Subsidy Cuts

1/24/2025

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Summary

Story summary

Gasoline prices in Japan have surged to a staggering 17-month high of ¥185.10 per liter, climbing ¥4.40 in just one week. The Kochi Prefecture feels the pinch most, with prices hitting ¥193.60, while Iwate enjoys the lowest at ¥177.80. The government's subsidy cuts are hitting consumers hard, leaving many to grapple with rising costs.

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Story summary

Gasoline prices in Japan have surged to a staggering 17-month high of ¥185.10 per liter, climbing ¥4.40 in just one week. The Kochi Prefecture feels the pinch most, with prices hitting ¥193.60, while Iwate enjoys the lowest at ¥177.80. The government's subsidy cuts are hitting consumers hard, leaving many to grapple with rising costs.