• Kyodo

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The average retail gasoline price in Japan climbed to its highest level in seven years earlier this week, reflecting a recent global surge in crude oil prices, the Ministry of Economy, Trade and Industry said Wednesday.

The average price for regular gasoline stood at ¥162.10 ($1.4) per liter as of Monday, advancing ¥2.10 from Oct. 4 and hitting its highest level since October 2014, according to the ministry.

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