By: Huang Li-yun and Ko Lin
Taipei, Feb. 12 (CNA) The state-owned CPC Corp., Taiwan (中油) announced Sunday
that it will cut its diesel and gasoline prices by NT$0.1 (US$0.003) per liter with effect from midnight, based on lower international crude oil prices.
After the hike, fuel prices at CPC gas pumps will be NT$22.6 per liter for super diesel, NT$24.9 per liter for 92 octane unleaded, NT$26.4 per liter for 95 octane unleaded, and NT$28.4 for 98 octane unleaded.
CPC calculates its weekly fuel prices based on a weighted oil price formula comprising 70 percent Dubai crude and 30 percent Brent crude (7D3B). The company’s data showed the average price per barrel of 7D3B at US$54.25 last week, representing a drop of US$0.47 from the previous week. [FULL STORY]