Focus Taiwan
Date: 2017/12/09
By: Tien Yu-pin and Frances Huang 

Taipei, Dec. 9 (CNA) Formosa Petrochemical Corp., a private fuel supplier, said Saturday that it will lower its domestic gasoline and diesel prices next week in the wake of a decline in international crude oil prices this week.

In a statement, Formosa Petrochemical said international crude prices have dropped amid renewed concerns over a global supply glut after a rise in crude output and an increase in gasoline inventories in the U.S. market.

As a result, the fuel supplier said, it will cut its gasoline prices by NT$0.1 (US$0.0033) per liter and its diesel prices by NT$0.2 per liter, effective from 1 a.m. on Monday.

This week, Formosa Petrochemical raised its diesel prices by NT$0.1 per liter but left its gasoline prices unchanged.    [FULL  STORY]