Focus Taiwan
Date: 2016/11/27
By: Chen Cheng-wei and Y.F. Low
Taipei, Nov. 27 (CNA) Taiwan’s state-owned fuel supplier, CPC Corp., Taiwan (中油), said Sunday it will
CPC said it will increase gasoline and diesel prices by NT$0.7 and NT$0.8 per liter, respectively, starting at midnight Sunday after global crude prices rose on optimism that the Organization of the Petroleum Exporting Countries (OPEC) will cut output at a meeting in Vienna on Nov. 30.
After the adjustment, fuel prices at CPC gas stations islandwide will climb to NT$20.9 per liter for super diesel, NT$23.3 per liter for 92 octane unleaded, NT$24.8 per liter for 95 unleaded and NT$26.8 per liter for 98 unleaded.
The company’s main competitor, Formosa Petrochemical Corp. (台塑石化), a privately owned fuel supplier, announced identical price hikes on Saturday. [FULL STORY]