CPC to raise fuel prices

Focus Taiwan
Date: 2017/07/02
By: Tsai Yi-chu and Evelyn Kao

Taipei, July 2 (CNA) State-owned oil refiner CPC Corp., Taiwan (中油) announced on Sunday that it will increase gasoline and diesel fuel prices by NT$0.3 (US$0.01) per liter, starting at midnight, after international crude oil prices bounced back last week.

After the price hike, fuel prices at CPC gas stations will increase to NT$20.3 per liter for super diesel, NT$22.8 per liter for 92 octane unleaded, NT$24.3 per liter for 95 unleaded and NT$26.3 per liter for 98 unleaded, the company said.

This is the first hike in five weeks, as reduced fears of an oil glut sent international crude oil prices higher last week.

The company said it decided to raise prices of its diesel fuel and gasoline this week after taking into account international crude price fluctuations and currency exchange rates.    [FULL  STORY]