Domestic fuel prices to rise by NT$0.9 per liter Monday

Focus Taiwan
Date: 2016/02/21
By: Milly Lin and Evelyn Kao

Taipei, Feb. 21 (CNA) The state-owned CPC Corp., Taiwan (中油) announced Sunday that it will increase gasoline and diesel prices by NT$0.9 (US$0.03) per liter, effective Monday, at a time of rising crude oil prices.

After the price adjustments, CPC’s price of 92 octane, 95 octane and 98 octane unleaded gasoline will go up to NT$19.9, NT$21.4 and NT$23.4 per liter, respectively, and the price of super diesel will be set at NT$17.1 per liter.

The price hike was within market expectations after international crude oil prices made a comeback in the wake of a deal among oil producing countries to cap production.     [FULL  STORY]