Announcement
15 Apr 2026
In April 2026, the Japanese government released the second phase of national petroleum reserves under Article 31 of the Petroleum Stockpiling Act to four domestic refiners. The measure aims to secure a stable petroleum product supply amid a decline in crude oil imports from the Middle East following the closure of the Strait of Hormuz.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 May 2026
Revocation date:
No revocation date
Updated: 17 Apr 2026
Production subsidy
In force
Recent update from 24 Apr 2026:
On 24 April 2026, the Government of Japan announced the second phase of its national petroleum reserve release, in which approximately 5.8 million kilolitres of oil, worth about JPY 540 billion (ap...
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