Japan lowers gasoline subsidy

Japan lowered its gasoline subsidy for oil distributors to 31.4 yen ($0.23 cents) a liter for the seven days from Thursday, versus 37.7 yen a week earlier, the industry ministry said on Wednesday.

The temporary subsidy program was adopted in January to cushion the blow from high crude prices because of tight global supplies, later exacerbated by the Russia-Ukraine conflict. 

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