By: Yang Shu-min and Evelyn Kao
Taipei, March 26 (CNA) State-owned CPC Corp. Taiwan (中油) said Sunday that it will lower gasoline prices by NT$0.2 (US$0.0066) per liter and diesel prices by NT$0.3 to reflect a drop in international crude oil prices.
When the price adjustments take effect at midnight Sunday, prices at CPC pumps will fall to NT$21.2 per liter for super diesel, NT$23.6 per liter for 92 octane unleaded gasoline, NT$25.1 per liter for 95 octane unleaded, and NT$27.1 per liter for 98 unleaded, the company said.
International crude oil prices fell this past week amid concerns over higher U.S. crude production although the concerns were slightly counterbalanced by renewed optimism over a planned cut or freeze in production led by the Organization of Petroleum Exporting Countries (OPEC) in order to prevent an oil price collapse in spring, according to CPC. [FULL STORY]