Fuel prices to hit five-month high this week

Focus Taiwan
Date: 2017/09/17
By: Tsai I-chu and William Yen

Taipei, Sept. 17 (CNA) State-run oil refiner CPC Corp. Taiwan (中油) will increase domestic gasoline and diesel prices on Monday by NT$0.2 (US$0.0066) per liter, pushing prices at the pump to a five-month high.

After the price adjustment, which will take effect at midnight Sunday, prices at CPC gas stations around Taiwan will rise to NT$22.2 per liter for super diesel, NT$24.5 per liter for 92 octane unleaded, NT$26 per liter for 95 unleaded and NT$28 per liter for 98 unleaded.

CPC said it was raising prices for the fourth consecutive week this week after an increase in global crude oil prices on news that the Organization of the Petroleum Exporting Countries (OPEC) could further extend a deal to cut oil production.
[FULL  STORY]

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