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Global Trade Alert

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Japan: Refined oil subsidies quintuple in wake of Russian invasion of Ukraine affecting oil prices

Description

On 4 March, 2022, the Japanese Ministry for Economy, Trade and Industry (METI) announced it was increasing the amount of subsidy awarded to retailers through a petrol price stabilisation scheme fivefo...

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Intervention Details

Intervention Type

Price stabilisation

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

04 Mar 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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