As of December 2022, the average gasoline retail price in Tokyo Prefecture stood at about 169.4 Japanese yen per liter. In mid-March 2022, the gasoline price briefly hovered around 180 yen per liter in Japan's capital. At the time, energy markets were in turmoil as Russia's war on Ukraine unfolded and sanctions severed trade agreements.

 Why do gasoline prices fluctuate? Crude oil prices and changes in supply and demand are the main factors to affect gasoline prices around the world. Since crude oil is the main ingredient of gasoline, prices tend to change rapidly when something impacts crude oil supplies, refinery operations or pipeline deliveries. Furthermore, seasonal changes in demand can affect gasoline prices, even if crude oil prices remain stable. Historically, prices tend to peak in summer when the travel demand increases. Other factors are crises, wars, or natural disasters in oil-producing regions, since they can obstruct the production and transportation, and thus cause higher crude oil prices.

 Oil industry in Japan In recent years, oil made up the highest share of energy consumption in Japan. Since the country lacks domestic reserves of fossil fuels, it is heavily dependent on imports. Most of Japan’s crude oil imports came from Middle Eastern countries such as Saudi Arabia and the United Arab Emirates. Nevertheless, Japan's oil consumption has decreased significantly since 1995. It only shortly increased after the nuclear disaster in Fukushima in 2011, when nuclear energy was replaced by fossil fuels. In more recent years, the figures indicated a decline in oil consumption as Japan aims to diversify its energy mix to be less dependent on fossil fuel imports and to increase its self-sufficiency rate of primary energy.

Gasoline Prices in Japan decreased to 1.20 USD/Liter in June from 1.24 USD/Liter in May of 2025. This dataset provides the latest reported value for - Japan Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As of March 2025, the average monthly gasoline retail price in Japan stood at about ***** Japanese yen per liter. The figure declined increased in recent months.

As of January 2023, the average gasoline retail price in Japan was highest in Nagasaki Prefecture, reaching about ***** Japanese yen per liter. In contrast, the average gasoline retail price in Miyagi Prefecture amounted to around ***** Japanese yen per liter.

Tokyo Gas reported 20.72 in PE Price to Earnings for its fiscal quarter ending in December of 2024. Data for Tokyo Gas | 9531 - PE Price to Earnings including historical, tables and charts were last updated by Trading Economics this last July in 2025.

As of December 2022, the average domestic retail price of diesel fuel in Tokyo Prefecture, Japan, stood at about ***** Japanese yen per liter. The figure increased compared to ***** yen in December of the previous year.

Tokyo Gas reported JPY3.86T in Assets for its fiscal quarter ending in March of 2025. Data for Tokyo Gas | 9531 - Assets including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Japan Consumer Price Index (CPI): Tokyo: Fuel, Light and Water Charges: ES: Gas data was reported at 104.900 2000=100 in Jul 2006. This records an increase from the previous number of 103.600 2000=100 for Jun 2006. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light and Water Charges: ES: Gas data is updated monthly, averaging 97.400 2000=100 from Jan 1970 (Median) to Jul 2006, with 439 observations. The data reached an all-time high of 114.200 2000=100 in May 1986 and a record low of 36.400 2000=100 in Oct 1970. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light and Water Charges: ES: Gas data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I038: Consumer Price Index: Tokyo: 2000=100.

Tokyo Gas reported JPY655.83B in Cost of Sales for its fiscal quarter ending in March of 2025. Data for Tokyo Gas | 9531 - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Japan Retail Price: Tokyo: Energy & Canal: Gas data was reported at 5,107.000 JPY in Oct 2018. This records an increase from the previous number of 5,065.000 JPY for Sep 2018. Japan Retail Price: Tokyo: Energy & Canal: Gas data is updated monthly, averaging 4,906.500 JPY from Jan 1999 (Median) to Oct 2018, with 238 observations. The data reached an all-time high of 6,200.000 JPY in Apr 2015 and a record low of 4,480.000 JPY in Oct 2016. Japan Retail Price: Tokyo: Energy & Canal: Gas data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.P002: Retail Price: Tokyo.

Japan Consumer Price Index (CPI): Tokyo: Fuel, Light and Water Charges: Gas data was reported at 101.000 1995=100 in Oct 2001. This stayed constant from the previous number of 101.000 1995=100 for Sep 2001. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light and Water Charges: Gas data is updated monthly, averaging 101.900 1995=100 from Jan 1990 (Median) to Oct 2001, with 142 observations. The data reached an all-time high of 107.900 1995=100 in Sep 1997 and a record low of 99.500 1995=100 in Mar 2001. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light and Water Charges: Gas data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I040: Consumer Price Index: Tokyo: 1995=100.

Tokyo Gas reported 15.5K in Employees for its fiscal year ending in March of 2024. Data for Tokyo Gas | 9531 - Employees Total Number including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Japan Consumer Price Index (CPI): Tokyo: Goods: Electricity, Gas and Water Charges data was reported at 96.000 2000=100 in Jul 2006. This records an increase from the previous number of 95.600 2000=100 for Jun 2006. Japan Consumer Price Index (CPI): Tokyo: Goods: Electricity, Gas and Water Charges data is updated monthly, averaging 98.900 2000=100 from Jan 1970 (Median) to Jul 2006, with 439 observations. The data reached an all-time high of 116.000 2000=100 in May 1986 and a record low of 39.500 2000=100 in Jul 1972. Japan Consumer Price Index (CPI): Tokyo: Goods: Electricity, Gas and Water Charges data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I038: Consumer Price Index: Tokyo: 2000=100.

Japan Consumer Price Index (CPI): Tokyo: Fuel, Light & Water Charges: Gas: Liquefied Propane data was reported at 117.500 2005=100 in Jul 2011. This stayed constant from the previous number of 117.500 2005=100 for Jun 2011. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light & Water Charges: Gas: Liquefied Propane data is updated monthly, averaging 87.000 2005=100 from Jan 1970 (Median) to Jul 2011, with 499 observations. The data reached an all-time high of 117.500 2005=100 in Jul 2011 and a record low of 28.100 2005=100 in Jan 1970. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light & Water Charges: Gas: Liquefied Propane data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I036: Consumer Price Index: Tokyo: 2005=100.

Tokyo Gas reported JPY160.55B in Stock for its fiscal quarter ending in December of 2024. Data for Tokyo Gas | 9531 - Stock including historical, tables and charts were last updated by Trading Economics this last July in 2025.

Japan Consumer Price Index (CPI): MoM: Tokyo: Fuel, Light & Water Charges: Gas: Gas, Mfg & Piped data was reported at 0.300 % in Jul 2018. This records a decrease from the previous number of 0.700 % for Jun 2018. Japan Consumer Price Index (CPI): MoM: Tokyo: Fuel, Light & Water Charges: Gas: Gas, Mfg & Piped data is updated monthly, averaging 0.000 % from Feb 1970 (Median) to Jul 2018, with 582 observations. The data reached an all-time high of 46.900 % in Apr 1980 and a record low of -11.800 % in Jun 1986. Japan Consumer Price Index (CPI): MoM: Tokyo: Fuel, Light & Water Charges: Gas: Gas, Mfg & Piped data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I028: Consumer Price Index: Tokyo: 2015=100: MoM% Change.

Japan Consumer Price Index (CPI): Tokyo: Fuel, Light & Water Charges: Gas data was reported at 87.800 2015=100 in Jul 2018. This records an increase from the previous number of 87.500 2015=100 for Jun 2018. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light & Water Charges: Gas data is updated monthly, averaging 81.500 2015=100 from Jan 1970 (Median) to Jul 2018, with 583 observations. The data reached an all-time high of 109.400 2015=100 in Apr 2015 and a record low of 29.800 2015=100 in Oct 1970. Japan Consumer Price Index (CPI): Tokyo: Fuel, Light & Water Charges: Gas data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I026: Consumer Price Index: Tokyo: 2015=100.

Tokyo Gas reported JPY1.31T in Debt for its fiscal quarter ending in March of 2025. Data for Tokyo Gas | 9531 - Debt including historical, tables and charts were last updated by Trading Economics this last July in 2025.

The global natural gas distribution market is experiencing robust growth, driven by increasing energy demand, particularly in developing economies, and a shift towards cleaner energy sources compared to coal. The market, valued at approximately $800 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033, reaching an estimated value exceeding $1.2 trillion. This expansion is fueled by several key factors. Firstly, the industrial sector's reliance on natural gas for power generation and industrial processes continues to be a major driver. Secondly, the growing adoption of natural gas in residential and commercial buildings, driven by government incentives promoting cleaner energy and energy efficiency programs, is significantly contributing to market growth. Furthermore, the transportation sector's increasing adoption of Compressed Natural Gas (CNG) as a vehicle fuel, particularly in public transportation and heavy-duty vehicles, is steadily expanding the market. The ongoing development of robust pipeline infrastructure further supports this market expansion. However, market growth faces some challenges. Fluctuations in natural gas prices due to geopolitical events and supply chain disruptions can impact market stability. Moreover, competition from renewable energy sources and concerns about methane emissions associated with natural gas production and distribution pose potential restraints. The market is segmented by application (industrial, power, residential/commercial, transportation) and type (CNG, PNG). While CNG shows significant growth in the transportation sector, PNG dominates the residential, commercial, and industrial sectors due to established infrastructure. Key players such as Centrica, Osaka Gas, Tokyo Gas, GAIL India, and Naturgy are actively shaping the market landscape through strategic investments, technological advancements, and expansion into new geographic regions. The Asia-Pacific region, particularly China and India, is expected to demonstrate the highest growth rate due to rapid industrialization and urbanization. North America and Europe will continue to be significant markets, albeit with a more moderate growth rate.

■Purpose and Overview In order to accelerate the realization of a hydrogen society utilizing hydrogen energy, we will subsidize a portion of the fuel cost of fuel cell buses to supplement the "Fuel Cell Bus Introduction Promotion Project" to promote the spread of fuel cell buses for business use.

■ Contact Information Tokyo Environment Corporation Global Warming Prevention Center, Tokyo Urban Energy Promotion Team Phone: 03-5990-5159

■ Reference URL https://www.tokyo-co2down.jp/subsidy/fc-bus-fuel