By: Liu Lee-jung, Wu Chia-hao and Emerson Lim
Taipei, April 7 (CNA) As a result of various international factors, the two major petroleum
companies in Taiwan have announced they will hike retail prices at their gas stations around the country, with gas prices to rise by NT$0.20 and diesel prices by NT$0.40.
With the adjustments, gas prices at state-run oil refiner CPC Corp., Taiwan will be: NT$27.70 (US$0.89) per liter for 92 octane unleaded gasoline, NT$29.20 per liter for 95 octane unleaded, NT$31.20 per liter for 98 octane unleaded, and NT$26.30 per liter for super diesel.
This is the fourth consecutive week of price hikes for gasoline and the new prices at CPC pumps will be introduced midnight Sunday.
The increase has been caused by proposed U.S. sanctions against Iran and the shutdown of Venezuela’s oil export port, according to CPC. [FULL STORY]