By: Central News Agency
Taipei, June 3 (CNA) Domestic gasoline and diesel prices may rise slightly or remain unchanged next week as international crude oil prices have bounced back from a drop earlier in the week, market sources said Friday.
Based on the crude oil price fluctuations, state-owned CPC Corp. Taiwan’s may retain its gasoline and diesel prices or raise them by NT$0.1 (US$0.003) per liter next week, the sources said.
CPC did not touch its gasoline prices this week, but cut diesel prices by NT$0.1 per liter.
The state-run company calculates its weekly fuel prices based on a weighted oil price formula that comprises 70 percent Dubai crude and 30 percent Brent crude.
The weekly floating price formula showed that oil prices averaged US$46.61 per barrel as of June 2, up from US$46.46 the previous week, according to CPC’s website. [FULL STORY]