By: Wei Su and Romulo Huang
Taipei, March 25 (CNA) Formosa Petrochemical Corp. (台塑石化), a privately owned fuel supplier, said Saturday that it will lower its gasoline and diesel prices next week to reflect a fall in international crude oil prices.
Gasoline prices will be cut by NT$0.2 (US$0.006) per liter, while the price of diesel will be reduced by NT$0.3 per liter, the company said.
It will be the third consecutive weekly fuel price reduction by Formosa Petrochemical.
When the latest cut is implemented at 1 a.m. Monday, prices at Formosa Petrochemical gas stations islandwide will drop to NT$20.9 per liter for super diesel, NT$23.6 per liter for 92 octane unleaded, NT$25 per liter for 95 unleaded and NT$27.1 per liter for 98 unleaded. [FULL STORY]