Gasoline prices continue to rise
The Agency for Natural Resources and Energy says that, as of Aug 14, the national average for the price of regular gasoline has risen to 160 yen per liter, 0.1 yen higher than the previous week.
The survey marks the 6th week in a row the price has risen, and, with the price above 160 yen for 2 weeks, the standard from October 2008 has continued. With the stability of various parts of the Middle East, such as Egypt uncertain, the price of fossil fuels has continued to rise, as the pattern of oil companies subsequently raising prices.
As for specific areas, the price rose in 37 prefectures, stayed the same in one prefecture, and was lowered in 8 prefectures.
High-octane gasoline was priced at 171 yen, rising 0.2 yen from the previous week. Diesel also rose 0.1 to a total of 138 yen.
According to the price listing and car-owner’s fuel consumption management service with over 600,000 users, Carlife Navi, as of August 14, the average price for regular gasoline was 153.6 yen/liter, high-octane 164.6 yen/liter, and diesel 129.6 yen/ liter.
While The Agency for Natural Resources and Energy communicates the average price at which gas is “sold,” Carlife Navi has published the price at which gas is “purchased.” Their average purchase price is made cheaper by members being oriented towards cheap prices, as well the existence of price discounts for card-holding members.