By: Pan Tzu-yu and Emerson Lim
The state-run oil refiner CPC Corp., Taiwan said it will raise its gasoline and diesel prices by NT$0.20 per liter, starting midnight Sunday.
With the adjustment, retail prices at CPC gas stations will be NT$27.20 (US$0.87) per liter for 92 octane unleaded, NT$28.70 per liter for 95 octane unleaded, NT$30.70 per liter for 98 octane unleaded, and NT$25.10 per liter for super diesel.
The price of crude rose US$0.89 last week to US$62.35 per barrel, said CPC, which calculates it fuel prices based on a weighted oil price formula composed of 70 percent Dubai crude and 30 percent Brent crude. [FULL STORY]