Meta Data
Title in national language: 
石油需給適正化法 (昭和四十八年十二月二十二日法律第百二十二号)
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2014
Scope: 
National
Document Type: 
Act
Economic Sector: 
Energy
Energy Types: 
Oil
Issued by: 
Ministry of Economy, Trade and Industry (METI)
Notes: 
Bilngual document
Overall Summary: 
The Petroleum Supply and Demand Adjustment Act (Act No. 122 of 1973) aims to optimize the supply and demand of oil by taking measures to secure proper oil supply and reduce oil use in order to ensure the stability of the lives of the citizens and the smooth operation of the national economy in case there is a significant shortage in supply of oil to Japan and where a disaster in the country causes a significant shortage in the domestic supply of oil.
Governance
Energy management principles: 
Article 3 (1) When taking the measures prescribed in this Act, the government must give due consideration to prioritize the supply of oil for general consumers, SMEs, and people engaging in the agriculture, forestry and fisheries, as well as for public benefit services, communications services, educational services, medical services, welfare services, speech and press-related services, and other services and activities that exert a material impact on the smooth operation of the lives of the citizens. Article 4 (1) If there is or there is likely to be a significant shortage in supply of oil to Japan, or a disaster in Japan causes or is likely to cause a significant shortage in supply of oil in Japan, and this causes or is likely to cause a significant hindrance to the stability of the lives of the citizens and the smooth operation of the national economy, when the Prime Minister finds it necessary to take measures prescribed in this Act in order to address those circumstances, the Prime Minister is to give a public notice to that effect after obtaining a Cabinet decision.