Propane gas prices surged in the Chugoku region, with the average price for 10 cubic metres exceeding ¥10,000 for the first time in June. Against a backdrop of rising raw material prices, companies are moving to pass higher logistics costs through to their rates, while some have withdrawn from the business.
Propane gas prices in the Chugoku region have been trending upward, with the average price for a standard household's 10-cubic-metre usage exceeding ¥10,000 for the first time in June. The rise in raw material prices caused by the deteriorating situation in the Middle East has been cited as a major factor.
As prices remain high, companies are increasingly moving to pass higher logistics and other costs through to their rates, while some are withdrawing from propane gas sales in anticipation of intensifying competition.
This situation is contributing to higher monthly costs for households in the region, and future price trends and the responses of individual companies are being watched.