Taiwan News
Date: 2016-07-03
By: George Liao, Taiwan News, Staff Writer
Taiwan’s state-run CPC Corporation announced on Sunday that it will lower its gasoline and 
According CPC’s analysis, the fear that Britain’s exit from the European Union might cause global economy to slow down had brought down international crude oil prices, which was later slightly bolstered up by an increase in U.S. crude stocks last week and the threat of a strike by Norwegian oil workers.
According to CPC’s official website, the prices of 92 octane unleaded, 95 octane unleaded, 98 unleaded and super diesel will go down to NT$23.4, NT$24.9, NT$26.9 and NT$20.9 per liter, respectively after the price adjustment.
CPC calculates its weekly fuel prices based on a weighted oil price formula that is comprised of 70 percent Dubai crude and 30 percent Brent crude (7D3B). [FULL STORY]