Focus Taiwan
Date: 2017/11/05
By: Liao Yu-yang and William Yen
Taipei, Nov. 5 (CNA) State-owned oil refiner CPC Corp., Taiwan (中油) announced
Sunday that it will increase domestic gasoline and diesel prices by NT$0.5 (US$0.017) and NT$0.6, respectively, per liter, starting on Monday.
After the adjustment, prices at CPC gas stations nationwide will be NT$23.6 per liter for super diesel, NT$25.8 per liter for 92 octane unleaded, NT$27.3 per liter for 95 unleaded and NT$29.3 per liter for 98 unleaded, the company said.
With the latest hikes, gas prices are at a new high of this year.
CPC said that international oil prices increased over the past week due to major oil exporters Saudi Arabia and Russia lending support to an extension of an output reduction agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers to the end of 2018. [FULL STORY]