Focus Taiwan
Date: 2017/12/03
By: Huang Ya-chuan and William Yen
Taipei, Dec. 3 (CNA) State-owned oil refiner CPC Corp. Taiwan (中油) said Sunday it will raise domestic
CNA file photo
diesel prices by NT$0.1 (US$0.003) per liter but will not adjust its gasoline prices for this week.
Beginning at midnight, prices at CPC gas stations across Taiwan will be NT$24.1 per liter for super diesel, NT$26.2 per liter for 92 octane unleaded, NT$27.7 per liter for 95 unleaded and NT$29.7 per liter for 98 unleaded, the company said.
According to the CPC, crude oil prices dropped because the Keystone Pipeline between Canada and the United States has resumed working.
However, crude oil reserves in the U.S. were decreasing and a decision by major oil producers to extend an agreement on cutting production to the end of next year pushed crude prices higher.
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