Archive 2008

Measures associated with the expiration of the provisional tax rates

March 31, 2008
Ministry of Economy, Trade and Industry

1. Measures for ensuring a stable supply

(1) Request the oil industry to ensure a stable supply

* Request the oil industry (Petroleum Association of Japan and Zensekiren) to make every effort to ensure a stable supply of gasoline and diesel oil, such as securing the largest possible amount of supply.

(2) Request the oil industry to ensure supply to emergency vehicles ahead of others

* Request the oil industry (Petroleum Association of Japan and Zensekiren) to ensure supply to vehicles essential to protecting people’s life and safety, such as ambulances, fire engines and police cars, ahead of other vehicles.

(3) Request the Japan Automobile Federation (JAF) to be prepared to refuel cars that have run out of gas

(4) Gather information in cooperation with the oil industry

* Strengthen the monitoring of inventory trends by requesting the oil industry to provide relevant information. Expand information gathering on retail prices of gasoline and diesel oil through the Oil Information Center of the Institute of Energy Economics, Japan.

(5) Establish task forces in METI and its regional bureaus

* Establish emergency task forces in METI and its nine regional bureaus so that flexible measures can be taken at the local level to assess the situation and prevent confusion.

2. Measures for consumers: Consultation and information provision

(1) Establish consulting offices in METI and its regional bureaus

  • * Establish the Gasoline and Diesel Oil Consulting Offices in METI and its nine regional bureaus.
  • * Post information on contact offices, including those provided by the oil industry for inquiry and consultation, on METI’s website (from April 1).

(2) Provide detailed information for consumers

  • * Provide relevant information through consulting offices in cooperation with the oil industry.
  • * Provide relevant information on METI’s website (from April 1).

3. Measures for oil retailers: Support for financial stability

(1) Financing assistance for oil retailers

* Implement financial assistance measures, including (1) the expansion of the special loan guarantee program (for unsecured, non-guaranteed loans, in principle) offered by the National Petroleum Association for oil retailers with deteriorating cash flows, by temporarily increasing the loan limits from \20 million to up to \70 million, and (2) the establishment of a special interest subsidy program (for up to five years) for retailers who may find it difficult to continue their business.

(2) Establish special consulting offices in government-affiliated financial institutions for SMEs (at 943 sites) and promote the use of safety-net loans

Back to Archives