Japan plans to increase the limit on gasoline subsidies.

Japan's government is considering raising the cap on gasoline subsidies from 170 yen to 175 yen starting in September, according to Kyodo News.

According to media reports, to ensure program financing, the government will allocate additional hundreds of billions of yen from reserve funds, as existing resources are being depleted.

Meanwhile, during August, when fuel demand is seasonally at its highest, the current subsidy terms will remain unchanged.

According to Kyodo, the additional financing will ensure the continuation of the gasoline subsidy program at least until October.