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Pump price falls for 10th week in row

Jiji Press TOKYO (Jiji Press) — The average retail price of regular gasoline in Japan as of Monday fell ¥2.7 from a week before to ¥143.9 per liter, down for the 10th consecutive week, the government said Wednesday.

The drop reflected a down trend of crude oil prices due to concerns over a global economic slowdown.

Retail gasoline prices fell in all of the country’s 47 prefectures for the first time in 2 weeks, according to the survey released by the Natural Resources and Energy Agency.

Kanagawa saw its average price decrease by ¥4.8, the biggest amount by prefecture, and Hokkaido by ¥4.6.

Pump prices are expected to continue declining the next week, said an official of the Oil Information Center, which carries out the price survey for the government agency.

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