header banner

According to the Taipei Times, gas prices will decrease this week by NT$0 point 1 per liter

Table of Contents
    • By Chen Cheng-hui / Staff reporter

    CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) are to lower domestic fuel prices following a decline in global crude oil prices last week.

    In separate statements yesterday, state-run CPC and privately owned Formosa said that they would lower gasoline and diesel prices by NT$0.1 per liter, effective today.

    Based on its floating oil price formula, CPC said that the cost of crude oil last week had declined by 4.3 percent from a week earlier.


    Formosa said that the fall in prices of crude oil came as China posted weak export data for last month and the US reported a surge in crude oil inventories last week.

    Effective today, gasoline prices at CPC and Formosa stations are to fall to NT$29.6, NT$31.1 and NT$33.1 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.

    Premium diesel is to cost NT$27.1 per liter at CPC stations and NT$26.9 at Formosa pumps, they said.

    Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.


    Article information

    Author: Michael Pitts

    Last Updated: 1702395721

    Views: 972

    Rating: 4.7 / 5 (38 voted)

    Reviews: 88% of readers found this page helpful

    Author information

    Name: Michael Pitts

    Birthday: 1966-10-25

    Address: 321 Heather Centers, New Mitchellburgh, MD 55972

    Phone: +3936742719395409

    Job: Article Writer

    Hobby: Bowling, Arduino, Cross-Stitching, Billiards, Yoga, Origami, Pottery

    Introduction: My name is Michael Pitts, I am a important, brilliant, sincere, resolute, resolved, Gifted, venturesome person who loves writing and wants to share my knowledge and understanding with you.