Reuters logo
UPDATE 1-Japan gasoline pump price falls to 4.5-year low
January 7, 2009 / 6:19 AM / in 9 years

UPDATE 1-Japan gasoline pump price falls to 4.5-year low

 (Adds table, background)
 TOKYO, Jan 7 (Reuters) - Japan's retail regular gasoline
prices have fallen to their lowest level in more than 4-½  
years, a research body said on Wednesday, reflecting crude oil's
freefall from all-time highs hit last summer.
 The average pump price of regular gasoline in Japan was 106.8
yen per litre ($4.32 a U.S. gallon) on Monday, the lowest since
April 2004, an analyst at the Oil Information Center said.
 The latest Japan gasoline price marks a 42 percent drop from
the record 185.1 yen hit last August, and the lowest price based
on records since the centre started its current weekly survey in
mid-June 2004.
 Since autumn, several domestic refiners have begun revising
domestic wholesale gasoline and other oil prices on a weekly
basis to allow spot market prices to reflect trends earlier.
 Price adjustments had previously been done once a month based
on changes in crude oil import and other costs.
 Crude prices have tumbled from a record high above $145
reached last July as the global downturn has eroded demand. [O/R]
 The research body did not conduct a price survey last week
due to Japan's New Year's holidays.
 Following is a table of average retail prices in Japan for
regular gasoline, high-octane gasoline and diesel oil (yen per
litre, with kerosene in yen per 18 litres):
 DATE    High-octane Regular   Diesel   Kerosene
 Jan   5   117.7      106.8    102.7     1,247
 Dec  22   121.6      110.6    106.0     1,292
 Dec  15   125.5      114.7    109.3     1,332
 Dec   8   129.9      119.1    113.2     1,377
 Dec   1   134.1      123.3    117.0     1,431
 Nov  25   138.7      127.9    120.7     1,498
 Nov  17   142.9      132.0    124.0     1,566
 Nov  10   147.5      136.6    127.8     1,651
 Nov   4   151.9      141.0    131.2     1,737
 Oct  27   162.2      151.3    139.5     1,943
 Oct  20   168.2      157.4    144.0     2,018
 Oct  14   172.5      161.6    147.5     2,075
 Oct   6   175.5      164.7    150.0     2,117
 Note: Price per gallon calculated using U.S. gallons (1 U.S.
gallon=3.785 litres).
 ($1=93.86 Yen)
 (Reporting by James Topham)


0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below