Domestic gasoline prices could drop next week

Focus Taiwan
Date: 2016/02/26
By: Huang Chaio-wen and Frances Huang

Taipei, Feb. 26 (CNA) Taiwan’s gasoline prices could move lower next week 201602260024t0001in the wake of a decline in international crude oil prices, market sources said Friday.

The weakness of the global oil market has been offset to some extent by hopes that major oil-producing countries will meet soon to discuss measures to cap production levels in a bid to rein in the falling prices, the sources said.

Based on the strength of the global oil market earlier this week, CPC Corp., Taiwan (中油) is likely to cut its gasoline prices by NT$0.1 (US$0.03) per liter next week, following a NT$0.9-per-liter rise set for this week, they said. However, the state-run oil supplier could leave its diesel prices unchanged.     [FULL  STORY]

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