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Japan: METI announces subsidies for refined oil to tackle 'extreme price changes'

Description

In November 2021, the Japanese Ministry for Economy, Trade and Industry (METI) announced it was introducing a subsidy scheme for retailers of refined oil products - i.e. automotive fuel. Retailers wil...

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Intervention Details

Intervention Type

Price stabilisation

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Dec 2021

Revocation date

28 Feb 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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