By: Line Meng-ju and Brook Hsiao
Taipei, April 10 (CNA) The CPC Corp., Taiwan (中油) announced Sunday
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]