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Gasoline prices rise for second consecutive week in Toyama despite falling crude oil costs
Gasoline prices in Toyama Prefecture have risen for the second consecutive week to 171 yen per litre, despite falling crude oil prices. The increases are driven by the Japanese government reducing fuel subsidies to oil companies, which has led to higher wholesale prices for retailers.
Quick Facts
Who
Petroleum Information Center
What
Regular gasoline prices increased
When
June 15, 2026
Where
Toyama Prefecture
- Regular gasoline prices increased
- Government fuel subsidies compressed
- Wholesale prices to retailers raised
- Crude oil prices declined
- Petroleum Information Center
Regular gasoline prices in Toyama Prefecture have increased to 171 yen per litre, marking the second consecutive week of price increases. According to the Petroleum Information Center, prices as of June 15 rose 40 yen compared to the previous week. This increase occurs despite declining crude oil prices globally, driven by compression of government fuel subsidies. Oil companies receiving reduced government support have raised wholesale prices to retailers, creating upward pressure on consumer prices at petrol stations. The Petroleum Information Center has warned that further price increases are likely as the subsidy compression continues to outpace any benefits from lower crude oil costs.
Why This Matters
Gasoline price increases in Toyama despite falling crude oil costs reveal how government subsidy policy can override commodity price benefits for consumers. As subsidies compress, retailers face higher wholesale costs and pass these increases to drivers, demonstrating the real-world impact of fiscal policy on everyday consumer expenses. Ongoing subsidy reductions signal that further price spikes are likely, affecting household budgets and transportation costs across the region.
Timeline & Sources
Jun 15, 2026
WireRegular gasoline prices in Toyama reach 171 yen per litre, up 40 yen from previous week
Jun 18, 2026
WirePetroleum Information Center reports second consecutive week of price increases and warns of potential further rises