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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Illustration of rising fuel prices at a German gas station amid Iran war escalation, showing shocked drivers and political calls for intervention.
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Oil prices rise up to 14 percent due to Iran war

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The escalation of the Iran war is driving up oil prices and causing noticeable increases at German gas stations. Diesel now costs an average of 2.04 euros per liter, gasoline 1.94 euros. Politicians are calling for government interventions against rising fuel costs.

중동 분쟁으로 인한 에너지 가격 상승 우려 속, 정부가 유가 상한제 도입을 검토하면서 주유소 휘발유와 경유 가격 상승 폭이 둔화됐다. 한국석유공사에 따르면 전국 평균 휘발유 가격은 리터당 1,893.3원으로 전일 대비 3.9원 올랐고, 경유는 1,915.4원으로 4.8원 상승했다.

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일본 정부는 이란 전쟁 이전 가격으로 국가 비축 원유를 판매할 계획이다. 관료들은 이러한 저가로 원유를 구매한 정유사들이 제품을 더 높은 가격에 판매해 추가 이익을 챙기지 않을 것으로 기대한다.

The Automatic Fuel Pricing Committee raised prices for all fuel categories by 15 to 22 percent at 3 a.m. on Tuesday. This sudden mid-week decision breaks the normal quarterly review pattern, with increases typically issued at the week's end. It followed a meeting where Prime Minister Mostafa Madbuly discussed options with ministers, including Petroleum Minister Karim Badawy, to address a potential energy crisis if the US-Israeli war on Iran persists.

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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.

Fuel prices in Brazil rose for the second consecutive week, according to ANP data released on March 13, 2026. Diesel saw an 11.8% increase, while gasoline rose 2.5%, reflecting the impacts of the war in Iran on international oil prices.

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Oil prices peaked above $114 per barrel on March 9 as the Iran war intensified, building on yesterday's surge past $110. Indian markets plunged amid fuel cost fears, while Asian governments rolled out measures to shield consumers from spiking prices.

 

 

 

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