Domestic fuel prices likely to rise next week after crude oil increases

The China Post
Date: April 11, 2015
By: CNA

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]

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