The Japanese government decided Thursday to continue its subsidy program for oil wholesalers in May and further raise the payment from the current 25 yen (20 cents) per liter to prevent a sharp increase in fuel prices as oil supply concerns persist due to a cut in Russian oil exports, sources familiar with the matter said.The government of Prime Minister Fumio Kishida is considering using 2 trillion yen of the 5.5 trillion yen reserve fund from the fiscal 2022 budget to finance the subsidy program and other measures to cushion the impact of rising prices on the economy, the sources said.The…READ FULL ARTICLE
