Fuel prices in Taiwan to rise NT$0.2 per liter this week

Focus Taiwan
Date: 2018/12/09
By: Tsai Peng-min and Evelyn Kao

Taipei, Dec. 9 (CNA) Domestic gasoline and diesel prices will increase by NT$0.2

CNA file photo

(US$0.006) per liter this week, ending a seven-week falling streak, due to a hike in international crude oil prices, Taiwan’s two major suppliers said Sunday.

State-owned oil refiner CPC Corp., Taiwan said that after the adjustments, which will take effect at midnight Sunday, fuel prices at CPC gas stations nationwide will be NT$26.4 per liter for 92 octane unleaded, NT$27.9 per liter for 95 unleaded, NT$29.9 per liter for 98 unleaded and NT$24.2 per liter for super diesel.

International oil prices rose last week after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s oil-producing province announced that it would cut oil production next year to bolster prices, CPC spokesman J.Z. Fang (方振仁) said.

The movement of oil prices in Taiwan in the short term will depend on the status of the trade issues between the U.S. and China and whether the major oil producing countries agree on production cuts, Fang said.    [FULL  STORY]

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