By: Chiu Po-sheng, Jeffrey Wu and Evelyn Kao
Taipei, Dec. 23 (CNA) Domestic gasoline and diesel prices will fall by NT$0.9
(US$0.029) per liter this week to their lowest for nearly 14 months, due to a fall in international crude oil prices last week, Taiwan’s two major gasoline and diesel suppliers announced Sunday.
State-owned oil refiner CPC Corp., Taiwan said that after the adjustment, which will take effect at midnight Sunday, fuel prices at CPC gas stations nationwide will be NT$25.4 per liter for 92 octane unleaded, NT$26.9 per liter for 95 unleaded, NT$28.9 per liter for 98 unleaded and NT$23.2 per liter for super diesel.
The previous lowest prices were registered Nov. 5, 2017 , when the price was NT$25.3 per liter for 92 octane unleaded, NT$26.8 per liter for 95 unleaded, NT$28.8 per liter for 98 unleaded and NT$23.0 per liter for super diesel.
The latest drop is due to a plunge in global crude oil prices this past week after the U.S. stock market suffered its worst week in two years, the U.S. Federal Reserve raised interest rates and lower-than-expected world oil demand growth, CPC said.