Canister LPG price to hit 33-month high

Focus Taiwan
Date: 2017/10/01
By: Chiu Po-sheng and Shih Hsiu-chuan

Taipei, Oct. 1 (CNA) As global prices of crude oil continue to rise, state-run petroleum supplier CPC Corp., Taiwan said Sunday that it will raise the price of liquefied petroleum gas (LPG) by NT$3.6 (US$0.119) per liter, or an increase of NT$72 for a 20-liter canister of LPG, hitting a 33-month high.

The price hike will be effective from 12 a.m. Monday, the company announced.

The price adjustment is expected to cost an eatery that consumes 15 20-liter canisters of LPG per month an additional NT$1,080.

CPC will also raise prices of industrial propane, butane and propane-and-butane mixtures by NT$3.6 per liter, reflecting the fact that the international contract price of LPG for October was set far above that for September, while the price of vehicle-use LPG will be increased by NT$1.9 per liter.     [FULL  STORY]