Formosa Petrochemical announces fuel price hike for next week

Focus Taiwan
Date: 2017/04/08
By: Pan Chi-I and Frances Huang

Taipei, April 8 (CNA) Formosa Petrochemical Corp. (台塑石化), a privately owned fuel supplier, said Saturday that it will raise its domestic gasoline and diesel prices next week as international crude oil prices continued an uptrend this week, in particular after an unexpected missile attack by the United States on Syria.

The military action, along with reduced worries over a supply glut, sent international crude oil prices up about 3 percent this week, prompting Formosa Petrochemical to decide on the price hike of NT$0.6 (US$0.02) per liter for gasoline and NT$0.7 per liter for diesel, effective from 1 a.m. Monday.

After the price increase, fuel prices at Formosa Petrochemical gas stations islandwide will rise to NT$21.7 per liter for super diesel, NT$24.3 per liter for 92 octane unleaded, NT$25.7 per liter for 95 unleaded and NT$27.8 per liter for 98 unleaded.

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