Japan gasoline price hits record-high 190.80 yen per liter amid Iran crisis

The average retail gasoline price in Japan hit a record high of 190.80 yen ($1.20) per liter, reflecting higher crude oil prices amid the Iran war, industry ministry data showed Wednesday, a day before state subsidies to keep fuel costs in check are set to resume.The average price as of Monday was up 29.0 yen from March 9, matching the largest-ever margin of increase since comparable data became available in 1990, marking the fifth consecutive weekly gain. It eclipsed the previous high of 186.50 yen set in April 2025, when a weak yen inflated crude oil import costs.U.S.-Israeli attacks on I…READ FULL ARTICLE