Taiwan News
Date: 2016-04-29
By: By Lin Meng-ju and Frances Huang, Central News Agency
Taipei, April 29 (CNA) Domestic gasoline and diesel prices are expected to move higher next week as international crude oil prices have been rebounding amid a weaker U.S. dollar, market sources said Friday.
The recent rise in international crude oil prices points to an increase in fuel prices next week by state-run oil refiner CPC Corp. Taiwan based on its fuel price calculation formula, the sources said.
They forecast that the price of the benchmark 95 octane unleaded could breach NT$24 (US$0.74) per liter.
CPC is expected to raise domestic gasoline prices by NT$0.4-NT$0.5 per liter and diesel prices by NT$0.5-NT$0.6 per liter next week, marking the third consecutive weekly increase in fuel prices, the sources said. [FULL STORY]
