By: Chen Cheng-wei and Kuo Chung-han
Taipei, July 16 (CNA) State-owned oil refiner CPC Corp. Taiwan (中油) said it will cut its
domestic gasoline prices by NT$0.3 (US$0.01) per liter and diesel prices by NT$0.4 per liter this week, starting at midnight Sunday.
After the price cut, prices at CPC gas stations countrywide will be NT$20.4 per liter for super diesel, NT$22.9 per liter for 92 octane unleaded, NT$24.4 per liter for 95 unleaded and NT$26.4 per liter for 98 unleaded, the company said.
CPC lowered its prices after the average price of crude oil based on its weighted formula fell to US$46.44 per barrel this week from NT$47.70 per barrel a week earlier, according to its website. [FULL STORY]