Business · Energy & Commodities · 1 day ago

Kerosene prices rise 20% in a month, raising concern ahead of winter

Kerosene prices rise 20% in a month, raising concern ahead of winter

Kerosene, used for heating in winter, has become about 20% more expensive in Japan in one month.

The increase comes as international prices for oil products rise.

With the main winter demand season approaching, sellers and fuel stations are moving to secure supplies.

The higher costs are affecting households and agriculture.

In Niigata, a flower grower said some nearby farmers have stopped producing tulips this year.

Tulip greenhouses need heating into early spring, adding to the strain from higher kerosene prices.

Sellers are trying to build up their stocks before demand grows.

Sources

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