Focus Taipei
Date: 2016/07/17
By: Bernie Chiu and Kuo Chung-han
Taipei, July 17 (CNA) Gasoline and diesel prices at gas stations supplied by state-controlled CPC 
Corp., Taiwan (中油) will be lowered by NT$0.4 (US$0.0125) per liter starting from midnight Sunday, the state-run fuel supplier said.
After the cut, fuel prices at CPC gas stations nationwide will fall to NT$20.2 per liter for super diesel, NT$22.7 per liter for 92 octane unleaded, NT$24.2 per liter for 95 unleaded and NT$26.2 per liter for 98 unleaded.
CPC President Chen Lu-wei (陳綠蔚) said several factors, including the resumption of oil production in Canada, elevated reserves in the United States, and Nigerian oil re-entering the market, all suggested rising oil supplies, leading traders to drive global crude prices down. [FULL STORY]
