Japan to keep gasoline subsidy of Y5 a litre for week starting Thursday
TOKYO (Reuters) - Japan will keep its gasoline subsidy for oil distributors at 5 yen ($0.043) a litre for the week starting on Thursday, the country's industry ministry said on Wednesday in its website.
The government last week raised the subsidy to 5 yen a litre for the week started last Thursday from 3.7 yen a week earlier, hitting a ceiling for the temporary scheme to blunt a sharp rise in fuel prices.
The government sets the subsidy amount every week if the retail gasoline price exceeds the threshold of 170 yen under the programme implemented on Jan. 27.
$1 = 115.6800 yen)
(Reporting by Yuka Obayashi; Editing by Shailesh Kuber)
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