Taiwan News
Date: 2018/04/14
By: Central News Agency
Taipei, April 14 (CNA) Private fuel supplier Formosa Petrochemical Corp. has decided to
Gasoline prices to rise after weekend. (By Central News Agency)
raise its domestic gasoline and diesel prices for next week after crude oil prices soared more than 8 percent this week amid tensions in the Middle East.
With military conflicts between the U.S.-led coalition and Syria on the rise, West Texas Intermediate jumped 8.6 percent this week in New York, the largest weekly percentage gain since July last year.
Brent crude, the global benchmark, soared 8.2 percent in London.
As a result, Formosa Petrochemical announced Saturday it will raise gasoline and diesel prices by NT$0.6 (US$0.021) per liter in the coming week, effective from 1 a.m. Monday.
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