Average gasoline price hits record Y159.60 per liter

Friday 09th May, 10:53 PM JST

TOKYO —

Japan’s average retail regular gasoline price rose to an all-time high of 159.60 yen per liter as of Wednesday, the Oil Information Center said Friday.

The price was up 0.40 yen from the previous record of 159.20 yen set Monday, according to the center, which began compiling price data in April 1987.

8 Comments

djsick at 06:02 PM JST - 10th May

Hey "pas de Panique" No panic ... In Europe it reached 225Yen/liter (1,4euro/liter - Belgium). 10 years ago, it was at 1euro (160yen)...It was the good old days...when we could ride freely...hehe
soothsayer at 12:23 AM JST - 11th May

Average gasoline price hits record Y159.60 per liter

So it's back to sniffing glue instead, I guess.
Sarge at 11:33 AM JST - 11th May

And yet people keep buying it. Incredible...
rajakumar at 09:18 PM JST - 11th May

Governments and people of world should reduce crude oil energy usage and practise more energy saving modes in crude oil energy usage.They should stop joyriding too much in usage of crude energy and help to promote a more natural world.

They should cut down private cars road travel usage and encourage more public transport usage.

Japan/EU/USA and many developed nations now not saving enough on crude oil electricity energy usage and in other usages. More alternative energy and wise saving measures modes should be practised. These type of measures will help to reduce crude oil prices.

The world has done well for thousand of years without use of crude energy and electricity energy via various other ways.

Surely nations can come up with plans to reduce crude energy usage per citizen via many saving energy modes-ideas.

The ever changing future of energy usage reality needs nations/people to practise better modes for future energy usage . The should be more interdependance deals for collective mutual savings in energy usage among nations. May be good idea to connect all power plants in many nations to save energy usage and prevent energy wastage.
Seiryu at 01:57 PM JST - 12th May

yawn.

Is this even news? Even if it hits USD $4.50 / gal, or 200 per barrel of crude, maybe we'll get some more panic but guess what, people will still buy it.
usaexpat at 11:13 PM JST - 12th May

Anyone remember that 30 yen of that is thanks to the government crooks?
usaexpat at 11:15 PM JST - 12th May

And one more thing, the high prices are the fault of speculators who have fled the stock markets to commodaties. Someone needs to reign this in as there is no fundamental reason for the high prices, no shortage etc. Just a bunch of traders getting rich while soaking the whole developed world.
presto345 at 04:16 PM JST - 14th May

30 yen of that is thanks to the government crooks

You don't mean that.