By: Lin Meng-ju and Frances Huang
Taipei, Oct. 16 (CNA) Fuel prices in Taiwan are expected to drop next week in the wake of a fall in international crude oil prices, amid lingering concerns over weakness in global demand, market sources said Friday.
The weakening global crude prices also reflect an increase in oil inventories at a time when the world’s economy has shown signs of slowing, the sources said.
State-owned CPC Corp. Taiwan (中油) is likely to cut gasoline and diesel prices by NT$0.4 (US$0.01) and NT$0.5 per liter, respectively, next week after raising gasoline prices by NT$0.8 per liter and hiking diesel prices by NT$0.9 this week. [FULL STORY]