Domestic gasoline and diesel prices to drop on Monday

Focus Taiwan
Date: 2016/04/10
By: Line Meng-ju and Brook Hsiao

Taipei, April 10 (CNA) The CPC Corp., Taiwan (中油) announced Sunday

CNA file photo

CNA file photo

that it will lower its gasoline and diesel prices by NT$0.2 (US$0.006) and NT$0.1 per liter, respectively, from Monday, based on its fuel price calculation formula.

After the adjustments, the reference prices at state-run CPC Corp. gas stations will be NT$20.9 per liter for 92 octane unleaded, NT$22.4 for 95 octane unleaded, NT$24.4 for 98 octane unleaded, and NT$18.3 for premium diesel, according to the company.

The international oil prices fell because oil producing country Iran said it decided to increase its productions at the beginning of this year.

But the crude prices climbed later as crude oil reserves in the United States decreased and a meeting to discuss the possibility of freezing output is scheduled to be held in Qatar on April 17.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.