Focus Taiwan
Date: 2017/11/19
By: Huang Ya-chuan and Evelyn Kao
Taipei, Nov. 19 (CNA) State-owned oil refiner CPC Corp. Taiwan (中油) said it will cut 
domestic gasoline prices by NT$0.3 (US$0.01) per liter and lower diesel prices by NT$0.4 per liter for the coming week, starting at midnight Sunday, following a fall in international crude oil prices last week.
The price cut ended a streak of four consecutive weeks of price hikes totaling NT$1.5 per liter by the company.
After the adjustment, prices at CPC gas stations across Taiwan will be NT$23.9 per liter for super diesel, NT$26.1 per liter for 92 octane unleaded, NT$27.6 per liter for 95 unleaded and NT$29.6 per liter for 98 unleaded, the company said.
The price cut came after a drop in global oil prices this past week resulting from renewed concerns over a global supply glut after a hike in U.S. crude oil inventories.
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