Highlights Subsidy payment rises to Yen 17.7/liter on the week, from Yen 5.0/liter Subsidy payments could reach upper limit of Yen 25/liter after March 17: sources The Japanese government more than tripled fuel subsidies to Yen 17.7, or 15 cents, per liter over March 10-16, from Yen 5/liter a week ago, in a bid to curb rising oil products retail prices. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The government raised the upper limit of the subsidies to Yen 25/liter March 10, from Yen 5/liter earlier, as crude oil prices soared amid the Russia-Ukraine war. The subsidy payments could reach the upper limit of Yen 25/liter after March 17 if crude oil prices continue to rise, market source said. The Oil Information Center said March 9 that the national average retail price for regular gasoline increased for the ninth straight week, rising Yen 1.8/liter […]