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Japan: METI announces a support program to mitigate oil price fluctuations under fiscal year 2022 supplementary budget (May 2022)

Description

On 31 May 2022, the Ministry of Economy, Trade and Industry of Japan (METI) announced allocating JPY 1,165.5 billion (USD 9.15 billion) to the "Fuel Oil Price Fluctuation Mitigation Project". The stat...

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Intervention Details

Intervention Type

State aid, unspecified

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 May 2022

Revocation date

31 Mar 2023

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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