The China Post
Date: April 11, 2015
TAIPEI — Gasoline and diesel prices in Taiwan are likely to rise next week to reflect a rebound in international crude oil prices, market sources said Friday.
Based on a floating pricing mechanism used by state-owned oil supplier CPC Corp. (中油), domestic fuel prices may rise by NT$0.3 (US$0.01) per liter next week, after a fall of NT$0.1 this week, the sources said.
CPC adjusts domestic fuel prices on a weekly basis based on a weighted oil price formula consisting of 70 percent Dubai crude and 30 percent Brent crude. [FULL STORY]