Japan to roll out gasoline subsidies amid record-high prices

Japan will introduce gasoline subsidies as national average retail prices exceed ¥190 per liter amid record highs.

The Japan Times reports that Japan plans to roll out gasoline subsidies in response to record-high prices, with the national average retail price exceeding ¥190 per liter. Keywords associated with the article include energy, oil, Iran, Middle East, Japan, and Ryosei Akazawa. Published on March 18, 2026, the news highlights the government's measure to ease consumer burdens. While Middle East tensions may contribute to the price surge, specifics remain unclear in the available details.

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A crowded French gas station with long lines of cars and a prominent fuel price sign showing record highs due to the Middle East crisis.
صورة مولدة بواسطة الذكاء الاصطناعي

Fuel prices hit new high in France amid Middle East crisis

من إعداد الذكاء الاصطناعي صورة مولدة بواسطة الذكاء الاصطناعي

Gasoline prices reached their highest level since the start of the Middle East conflict on Wednesday, May 6. The average price of super unleaded 95 stood at 2.03 euros per liter. The increase stems from the war and the paralysis of the Strait of Hormuz.

The Japanese government is considering subsidies for electricity and city gas this summer, following its earlier gasoline subsidies. Rising energy prices tied to the Iran conflict are expected to push fees higher around June.

من إعداد الذكاء الاصطناعي

Gasoline and diesel prices rose moderately in South Korea on Sunday as the government considers adopting a price cap system amid concerns over rising energy prices due to the escalating Middle East conflict. According to the Korea National Oil Corp., the nationwide average gasoline price reached 1,893.3 won ($1.27) per liter, up 3.9 won from the previous day, while diesel increased 4.8 won to 1,915.4 won per liter.

رفعت لجنة التسعير التلقائي للوقود أسعار جميع فئات الوقود بنسب تتراوح بين 15 و22 في المئة في الساعة الثالثة صباحاً يوم الثلاثاء. يأتي هذا القرار المفاجئ في منتصف الأسبوع مخالفاً للنمط الاعتيادي لمراجعة الأسعار ربع سنوياً وإصدار قرارات الزيادة في نهاية الأسبوع العملي. وجاءت الزيادة بعد اجتماع رئيس الوزراء مصطفى مدبولي مع وزراء عدة، بما في ذلك وزير البترول كريم بدوي، لمناقشة خيارات مواجهة الأزمة الطاقوية المحتملة إذا استمرت الحرب الأمريكية الإسرائيلية على إيران.

من إعداد الذكاء الاصطناعي

Prolonged disruption to energy flows via the Strait of Hormuz has reduced naphtha availability, a key ingredient for plastic packaging. This is set to drive up food prices in Japan. The Japan Times reports.

Hong Kong authorities have been urged to review the pricing mechanism for local fuel supplies after petrol retailers were accused of swiftly raising prices as conflict erupted in the Middle East, even though the city had not yet exhausted its weeks-long stockpile. Global fuel prices have soared since the US-Israel war with Iran broke out, disrupting traffic along the Strait of Hormuz – the key waterway that handles about 20 per cent of the world’s oil shipments. The Hong Kong, China Automobile Association criticised what it described as “unfair” price increases for fuel in the city, arguing that the petrol currently on sale would have been bought before the outbreak of the conflict.

من إعداد الذكاء الاصطناعي

Brazil's average diesel price to distributors climbed 40% in early March to R$ 5.36 per liter following intensified US and Israeli attacks on Iran, per ANP data. Pump prices rose 20% by late March. Building on the March 12 federal tax exemption, the Lula administration is pressuring fuel stakeholders to limit consumer pass-throughs and fast-tracking a diesel subsidy ahead of October elections.

 

 

 

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