Japan Weighs Gasoline Subsidy Cuts as Energy Costs Soar

OilPrice.com·Oct 23, 2026 · 2:00 AM CT

Readthrough summary

Japan may start scaling back its gasoline subsidies in December because they cost the government several billion dollars a month, Reuters reports. The subsidies have held the average price at about $1.09 per liter since March, and cuts could lift it to about $1.11 in December and $1.15 in January, while a food and drink tax cut is being considered for April.

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