By: Chiu Po-sheng and Elizabeth Hsu
Taipei, May 14 (CNA) State-owned oil refiner CPC Corp. Taiwan announced on Sunday that it will leave gasoline and diesel prices unchanged because changes in crude oil prices over the past week have been insufficient to warrant an adjustment.
As a result, fuel prices at CPC gas stations will remain NT$20.9 per liter for super diesel, NT$23.4 per liter for 92 octane unleaded, NT$24.9 per liter for 95 octane unleaded and NT$26.9 per liter for 98 octane unleaded this week, the company said.
The company adjusts its fuel prices once a week based on a calculation mechanism that takes into account changes in a weighted oil price formula comprising 70 percent Dubai crude, 30 percent Brent and the value of the Taiwan dollar against the U.S. dollar. [FULL STORY]