By: Chiu Po-sheng and Evelyn Kao
Taipei, June 9 (CNA) Taiwan’s two major fuel suppliers announced Sunday a huge reduction in fuel prices this week for the third consecutive week, citing a drop in international crude oil prices.
State-run oil refiner CPC Corp., Taiwan said on its website that its gasoline prices will be lowered by NT$1.40, while its diesel prices will be cut by NT$1.50, with effect from midnight Sunday.
After the adjustments, retail prices at CPC gas stations will be NT$26.90 (US$0.86) per liter for 92 octane unleaded, NT$28.40 per liter for 95 octane unleaded, NT$30.04 per liter for 98 octane unleaded and NT$24.80 per liter for super diesel.
The prices were lowered as global crude oil prices fell this week after U.S. President Donald Trump stoked global trade tension by threatening tariffs on China and Mexico. Mexico is a major supplier of crude oil. [FULL STORY]