Focus Taiwan
Date: 2017/10/22
By: Liao Yu-yang and William Yen
Taipei, Oct. 22 (CNA) State-owned oil refiner CPC Corp., Taiwan (中油) said it will
CNA file photo
increase domestic gasoline and diesel prices by NT$0.2 (US$0.0066) and NT$0.3, respectively, per liter this week, starting at midnight Sunday, in wake of increased tensions in the Middle East.
After the adjustment, prices at CPC gas stations nationwide will be NT$22.9 per liter for super diesel, NT$25.1 per liter for 92 octane unleaded, NT$26.6 per liter for 95 unleaded and NT$28.6 per liter for 98 unleaded, the company said.
CPC said the price increase comes after growing tensions between the United States (US) and Iran in the wake of U.S. President Donald Trump’s refusal to certify Tehran’s compliance with a 2015 deal restricting the Middle Eastern country’s nuclear program in exchange for sanctions relief.
In addition, an escalation in political tensions within Iraq has also increased the price of crude oil, impacting domestic gasoline prices, CPC said. [FULL STORY]
