Formosa Petrochemical leaves fuel prices unchanged for next week

Focus Taiwan
Date: 2016/05/07
By: Wei Shu and Frances Huang

Taipei, May 7 (CNA) Formosa Petrochemical Corp. (台塑石化), a privately owned gasoline supplier 201605070021t0001in Taiwan, said Saturday that it has decided to leave its gasoline and diesel prices unchanged next week.

Market analysts said a raging wildfire in Canada and escalating violence in Libya have caused international crude oil prices to rise after a drop earlier in the week that was driven by higher than expected oil inventories in the U.S. market.

Prices at Formosa Petrochemical gas stations islandwide will remain next week at NT$19.8 per liter for super diesel, NT$22.5 per liter for 92 octane unleaded, NT$24.0 per liter for 95 unleaded and NT$26.3 per liter for 98 unleaded.

The company’s major competitor, state-owned CPC Corp., Taiwan (中油), is also expected to maintain its current fuel prices, when it makes its announcement at noon Sunday, market sources said.      [SOURCE]

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