TOKYO : Japan may expand a subsidy programme for gasoline and other fuels among measures under consideration to ease soaring energy costs, the industry minister said on Sunday.
To cushion the blow from higher fuel prices, the ministry may expand the subsidy scheme by lowering the base price and raising the payment ceiling, or combine the subsidy scheme with lifting a freeze on tax trigger clauses, Hagiuda said. Hagiuda said the existing subsidy could be combined with the reintroduction of a"trigger clause" designed to trim taxes on gasoline and diesel when gasoline prices stay above 160 yen a litre for three months in a row.
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