An Eneos gasoline station is seen in Tokyo on Oct 7. Photo: KYODO
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Average gasoline price in Japan rises to 7-year high

46 Comments

The average retail gasoline price in Japan climbed to its highest level in seven years earlier this week, reflecting a recent global surge in crude oil prices, the Ministry of Economy, Trade and Industry said Wednesday.

The average price for regular gasoline stood at 162.10 yen per liter as of Monday, advancing 2.10 yen from Oct. 4 and hitting its highest level since October 2014, according to the ministry.

The rise is expected to deal a blow to household spending in Japan amid speculation that domestic travel will increase after the latest COVID-19 state of emergency through Sept. 30.

The upward trend in the average kerosene price, which stood at 1,814 yen per tank, or 18 liters, on Monday for the sixth straight weekly gain, may also hurt households going forward as heating demand increases during the winter months.

Crude oil prices have been advancing due to speculation that a reduction in COVID-19 cases across the globe and subsequent economic recovery will lead to an increase in demand. However, their climb can lead to a rise in raw material costs, squeezing corporate profits.

Gasoline prices are projected to continue rising through next week, according to the Oil Information Center, which expects crude oil prices to remain high and influence retail prices.

The surge in crude oil prices over the past few weeks has raised fears over increasing inflation and stirred uncertainty over the global economy.

© KYODO

©2021 GPlusMedia Inc.

46 Comments
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Now ain't that something?

Expect to hit it even higher levels.

The government also gets its share, roughly 53 Yen per liter (in 2011), so guess it's gonna be much more now.

Hope "they" will not waste this extra money, the way they did so far.

3 ( +10 / -7 )

Driving is too cheap and subsidised anyway.

-22 ( +7 / -29 )

It sure jumped since we got our new car earlier this year. Diesel was 105 at my first fillup. It's 138 now!

I'm glad for the higher full economy and lower price of diesel compared to that of gasoline vehicles. But, I'm really looking forward to our next vehicle, which will be a full BEV.

2 ( +5 / -3 )

There is a cost to keep the yen artificially cheap.

5 ( +10 / -5 )

The power companies are tied into fixed contracts for LNG. They missed out on last years low prices but very much gain this year.

1 ( +4 / -3 )

Currently 140 yen per liter where I fill up my car.

-5 ( +5 / -10 )

Costco is usually much cheaper than anywhere else by 10-15yen so I usually fill up when I go which is 1-2x a month.

-1 ( +4 / -5 )

Wheat and coffee prices are up too. Many more to come this winter.

4 ( +7 / -3 )

Considering that at least 75% of the price is just Government taxes....

4 ( +10 / -6 )

I honestly wouldn't be surprised if the Japanese government stays afloat by arbitrage of its own currency. When the currency gets stronger I amazed at how long it takes the price of imports to eventually fall.

1 ( +6 / -5 )

And the PM appointed has said nothing about this? Well he did I guess…”we need to increase the economy before” worrying about people’s cost of living. …..sorry I had to vomit into my bag made from news papers I’d taken from homeless people.

2 ( +5 / -3 )

When he shut down production in the U.S. and gave more power to OPEC, what did Joe expect would happen?

-4 ( +9 / -13 )

Started travelling to work by bicycle pre-covid about 4 years ago. Never looked back. Exercise, free ( bike cost 40,000yen which paid for itself in less than a year) and faster than commuting with the salary zombies to shibuya then changing to shinagawa). I recommend everyone to ditch the gas guzzling cars and busses and cycle.

-3 ( +6 / -9 )

Switched to public transport years ago and have never looked back. I can read on my way to work, and my company reimburses me.

0 ( +8 / -8 )

seems funny that for an island nation and technology it could have tried to make grid connected vehicles and roads a renewable energy goal. Then it could transport without fuel

1 ( +3 / -2 )

LagunaToday  06:01 pm JST

Switched to public transport years ago and have never looked back. I can read on my way to work, and my company reimburses me.

That's all very well, but you'll still end up paying for the fuel price hikes through other things you consume. Producers and distribution companies will be passing on those costs to the rest of the economy.

It looks like we're about to enter a period of stagflation, brought on by the economic hangover from covid plus the profligate currency printing without the productivity and consumption to absorb it.

It's going to be a rough ride for a while, so stock up on non-perishables while you can.

3 ( +7 / -4 )

And the government response? It does after all effect multitude layers of society? Any word yet? I can understand ignoring food hikes, after all a quick look around a normal house reveals a bounty of protein. Power /utilities prices, well many houses have little if any insulation so no problem there.I can understand the silence, because it does not play any part in their lives.

0 ( +2 / -2 )

Always gets my blood pressure up when gasoline prices rise here. ENOS and other suppliers have plenty of "stock" on hand, and yet jack their prices in an instant, their excuse being the rise is linked to future purchases of gas, ok fine.

BUT, they are slower than guano in dropping the prices when costs go down.

3 ( +8 / -5 )

Started travelling to work by bicycle pre-covid about 4 years ago. Never looked back. Exercise, free ( bike cost 40,000yen which paid for itself in less than a year) and faster than commuting with the salary zombies to shibuya then changing to shinagawa). I recommend everyone to ditch the gas guzzling cars and busses and cycle.

FYI not everyone in Japan lives in Tokyo, and in fact, many of us own economical cars, hybrids, clean diesel, or electric.

Cant count on public transportation either.

Another "Tokyo-centric" post!

10 ( +13 / -3 )

The price of gas in Japan would be considered a bargain in some countries of Europe.

0 ( +4 / -4 )

Hope that high prices will help to stop the useless car idling so common here.

-4 ( +5 / -9 )

Good thing is, its still available unlike some countries. Time to go fully hybrid at least.

-3 ( +1 / -4 )

Few months back there was a news on JT about closing Petroleum refinery up north due to low demand (fishy*). Finally its paying off to oil corps.

2 ( +4 / -2 )

I recommend everyone to ditch the gas guzzling cars and busses and cycle.

As the owner of a touring bicycle, Lycra shorts, and talcum-powdered posterior that goes with them, even I will say that cycling has its limits. Unless the topography is relatively flat, and the commute relatively short, cycling is not realistic. And what about the weather? Oh, sure, I can deal with a little rain, but do you have showers in the office for those scorching summer mornings?

11 ( +13 / -2 )

If higher prices fix the sleeping/idling crowd then I will be truly amazed

0 ( +1 / -1 )

I own a car, bicycle, and routinely beg others for rides.

0 ( +1 / -1 )

Electric vehicles + nuclear power plants is the realistic solution to the global warming and the gasoline importation dependency.

1 ( +4 / -3 )

Prices for petrol are rising through the region.

They are at AUD $1.84 per liter in Melbourne right now. Thats 153.65 Yen. Highest it has been in many years.

-1 ( +2 / -3 )

Do you see that?

Japan needs energy!

Yet some foolish users want to push the agenda for Japan to turn off all the Nuclear Power Plants Forever.

How much would energy cost then? ?

End up like China where you have to turn off the power for half the day. That's what this people are pushing on Japan. Fiction and renewable dreams of fantasy.

0 ( +5 / -5 )

The equivalent of £1.05 per litre! I wish, haven’t seen petrol that cheep for so many years I can’t remember when. Currently equivalent to about 216.6 yen per litre and some some greedy scalpers recently were charging 321.8 yen.

0 ( +2 / -2 )

All the more reason to move towards a renewable/electric approach to personal transportation. I enjoy gas-powered sports cars as much as anyone else, but we've been stuck on this gas price roller coaster for decades now. It's time to move on to a new approach.

-2 ( +2 / -4 )

Happy Day

When he shut down production in the U.S. and gave more power to OPEC, what did Joe expect would happen?

Since he's not the President of Japan, the cost of fuel in Japan probably didn't occur to him.

1 ( +3 / -2 )

ReasonandWisdomNippon

Do you see that?

Japan needs energy!

Yet some foolish users want to push the agenda for Japan to turn off all the Nuclear Power Plants Forever.

No more nuclear-powered cars???? Oh no!!!!

1 ( +3 / -2 )

So glad I gave up having a car in 2008. Cars don't allow 'freedom'. They end up owning you.

-5 ( +2 / -7 )

I haven't owned or driven a car since 1979, 42 years. It's a gas, gas, gas.

-3 ( +3 / -6 )

What I don't understand is last year when a barrel of oil was priced at -minus zero dollars due to the dramatic reduction in demand due to the pandemic and hardly any travel. But we didn't see any of that at the pumps. The prices stayed high throughout last year. What gives. It seems to only go up but not down.

3 ( +4 / -1 )

BTW, the price for a liter of regular gas where I live is at 169 yen. It's always about 10-20 yen higher than everywhere else. It'll probably go over 170 in the next few days.

0 ( +1 / -1 )

zichi: "I haven't owned or driven a car since 1979, 42 years. It's a gas, gas, gas."

I'm a few years behind you, but haven't owned one for a long time either (did drive one when traveling overseas, out of necessity). The money you save on parking and gas alone, not even taking the biannual car check into account, is amazing.

-1 ( +2 / -3 )

smithinjapan

zichi: "I haven't owned or driven a car since 1979, 42 years. It's a gas, gas, gas."

I'm a few years behind you, but haven't owned one for a long time either (did drive one when traveling overseas, out of necessity). The money you save on parking and gas alone, not even taking the biannual car check into account, is amazing.

So are the reduced stress levels.

-3 ( +1 / -4 )

End up like China where you have to turn off the power for half the day.

Where do you get this nonsense from?

-1 ( +1 / -2 )

@Thomas Goodtime

It isn't nonsense. Maybe exaggerated but China definitely has power shortage problems. Particularly in the North East.

2 ( +3 / -1 )

For as long as we continue to use gasoline engines we will always be SLAVES to this corrupt industry.

0 ( +3 / -3 )

It would be a lot cheaper if they took off the 20 yen per liter extra tax that was added on for the Iraq war. A few years ago, it was removed but the Gov. re instated the tax again some months later and it has stayed on ever since.

-2 ( +0 / -2 )

People, stop consuming fuel like sheeps, locked between four cans throwing smoke..

Get on your bikes !!..

End up like China where you have to turn off the power for half the day. That's what this people are pushing on Japan. Fiction and renewable dreams of fantasy.

It isn't nonsense. Maybe exaggerated but China definitely has power shortage problems. Particularly in the North East.

It won't be a problem anytime in a couple of years with the new thorium reactors that China is developing..

This time, Only in China !!..

-3 ( +1 / -4 )

It isn't nonsense. Maybe exaggerated but China definitely has power shortage problems. Particularly in the North East.

I lived and worked in China, including the Northeast, for almost 4 years and never once saw a power shortage,

-1 ( +1 / -2 )

Happy Day Oct. 13  05:37 pm JST

When he shut down production in the U.S. and gave more power to OPEC, what did Joe expect would happen?

Typical Right Wing misinformation. If you mean Biden he has zero control over the price of gasoline. U.S. Oil and Gas production is at all time high but all that Oil and Gas goes on to the World market. U.S. Oil and Gas production has never been strictly for the U.S. market since the 70s.

-1 ( +0 / -1 )

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