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

Announcement

04 Mar 2022

4 March, 2022 - The Japanese government announced it was increasing subsidies to stabilise domestic petroleum product prices.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 Mar 2022

Revocation date:

No revocation date

Updated: 04 Mar 2022

Price stabilisation In force

<p>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 sche...

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