Focus Taiwan
Date: 2016/07/09
By: Wei Shu and Frances Huang

Taipei, July 9 (CNA) Formosa Petrochemical Corp. (台塑石化), a privately owned fuel supplier in Taiwan, said Saturday that it will lower its gasoline and diesel prices next week in reflection of a fall in international crude oil prices.

With effect from 1 a.m. Monday, domestic gasoline and diesel prices will drop by NT$0.3 (US$0.009) per liter, after a NT$0.2 per liter cut this week, Formosa Petrochemical said.

After the adjustment, fuel prices at Formosa Petrochemical gas stations islandwide will fall to NT$20.3 per liter for super diesel, NT$23.0 per liter for 92 octane unleaded, NT$24.5 per liter for 95 unleaded and NT$26.8 per liter for 98 unleaded.

The company’s major competitor, state-owned CPC Corp., Taiwan (中油), is also expected to announce similar price adjustments at noon Sunday.     [FULL  STORY]