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Japan to switch back to Dubai crude for gasoline subsidy calculation from June 4

Energy Markets & PricesCommodities & Raw MaterialsFiscal Policy & Budget

Japan’s industry ministry said gasoline subsidy pricing will switch back to Dubai crude from Brent crude starting next week. The change affects the benchmark used to calculate fuel subsidies, but the article does not indicate any immediate magnitude for subsidy levels or consumer prices. Impact is likely limited to Japan’s energy policy framework and related fuel-cost adjustments.

Analysis

Japan’s industry ministry said gasoline subsidy pricing will switch back to Dubai crude from Brent crude starting next week. The change affects the benchmark used to calculate fuel subsidies, but the article does not indicate any immediate magnitude for subsidy levels or consumer prices. Impact is likely limited to Japan’s energy policy framework and related fuel-cost adjustments.

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