By: Huang Ya-chuan and Evelyn Kao
Taipei, March 19 (CNA) State-owned CPC Corp. Taiwan (中油) announced on Sunday
that it will cut gasoline prices by NT$0.8 (US$0.0262) and diesel prices by NT$0.7 per liter to reflect a fall in international crude oil prices.
The steepest cut since November 2016 will bring gasoline prices at CPC pumps nationwide to a three-month low, the company said.
Following the price adjustments, which take effect on Sunday at midnight, fuel prices at CPC gas stations will be NT$23.8 per liter for 92 octane unleaded, NT$25.3 per liter for 95 octane unleaded, NT$27.3 for 98 octane unleaded and NT$21.5 per liter for super diesel.
The CPC announcement was made after international crude oil prices moved lower this past week in the wake of concerns about oversupply as U.S. commercial crude oil inventories continued to rise. [FULL STORY]