Formosa Petrochemical announces fuel price cut for next week

Focus Taiwan
Date: 2017/01/14
By: Han Ting-ting and Frances Huang

Taipei, Jan. 14 (CNA) Formosa Petrochemical Corp. (台塑石化), a privately owned fuel supplier in Taiwan, said Saturday it will cut its gasoline and diesel prices next week in response to a fall in international crude oil prices this week.

Concerns over a global supply glut reemerged this week, prompting Formosa Petrochemical to lower its gasoline prices by NT$0.3 (US$0.009) per liter and its diesel prices by NT$0.4 per liter next week, effective 1 a.m. Monday.

After the price cuts, fuel prices at Formosa Petrochemical gas stations islandwide will fall to NT$22.4 per liter for super diesel, NT$24.9 per liter for 92 octane unleaded, NT$26.4 per liter for 95 unleaded and NT$28.7 per liter for 98 unleaded.

This past week, Formosa Petrochemical raised its diesel prices by NT$0.1 per liter but its gasoline prices remained unchanged.    [FULL  STORY]

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