Gasoline prices to go up for 6th week in a row

Focus Taiwan
Date: 2019/04/21
By: Chiu Po-sheng, Wei Shu and Emerson Lim 

Taipei, April 21 (CNA) Taiwan’s two main fuel suppliers will be raising gasoline prices for a sixth week in a row this coming week because of international factors.

State-run oil refiner CPC Corp., Taiwan announced an increase of NT$0.60 per liter for gasoline products and NT$0.10 per liter for diesel effective midnight Sunday.

After the adjustments, suggested retail prices at CPC gas stations will be NT$28.50 (US$0.92) per liter for 92 octane unleaded, NT$30.00 per liter for 95 octane unleaded, NT$32.00 per liter for 98 octane unleaded, and NT$26.80 per liter for super diesel.

CPC cited Venezuela’s historically low oil production and an agreement between the Organization of the Petroleum Exporting Countries and Russia to decrease production as driving crude oil prices higher in the past week, pushing prices at the pump higher.

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