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Gasoline price sets fresh record high in Japan

Gasoline price sets fresh record high in Japan

Write: Chintu [2011-05-20]
TOKYO, Dec. 12 (Xinhua) -- The average retail price of regular gasoline in Japan increased by 0.60 yen per liter from a week earlier as of Monday, reaching a new record high of 155.50 yen (about 1.40 U.S. dollars) per liter for the second consecutive week, local media reported on Wednesday, quoting industry group.

The figure represented the all-time high since Japan's Oil Information Center began compiling the data in 1987.

The center attributed the price hike to major oil wholesalers' lifting of wholesale prices of gasoline for December shipments due to recent surges in crude oil prices.

The average diesel oil price also increased by 0.80 yen to an all-time high of 133.60 yen (about 1.20 U.S. dollars), the center said.