Focus Taiwan
Date: 2018/04/07
By: Han Ting-ting and Frances Huang
Taipei, April 7 (CNA) Formosa Petrochemical Corp., a private fuel supplier in Taiwan, said
CNA file photo
Saturday that it has decided to lower domestic gasoline and diesel prices for next week, reflecting worries over global demand at a time of escalating trade friction between Washington and Beijing.
Fears over a trade war between the United States and China sent ripples through global financial markets as well as the energy market, pushing down crude oil prices, which prompted Formosa Petrochemical to announce a NT$0.1 (US$0.003) cut per liter for both gasoline and diesel prices, effective at 1 a.m. Monday.
After the price adjustment, prices at Formosa Petrochemical gas stations island wide will fall to NT$24.3 per liter for super diesel, NT$26.7 per liter for 92 octane unleaded, NT$28.1 per liter for 95 unleaded, and NT$30.2 per liter for 98 unleaded, the company said.
The announcement marked an end to two weeks of rising prices. [FULL STORY]
