Prices at Taiwan’s gas pumps to fall after three weeks of rises

Radio Taiwan International
Date: 2017-04-23

Taiwan’s gas and diesel prices are set to fall this week, following three consecutive weeks of increases. The new prices will go into effect at midnight on Sunday, moving into Monday morning.

The state-run oil company, CPC Corporation, Taiwan, has announced that prices will go down NT$0.5 per liter for gas and NT$0.6 for diesel (between US$0.01-$0.02).

The new prices per liter will be: for super diesel, NT$21.8; for 92 octane unleaded, NT$24.2; for 95 octane unleaded, NT$25.7; and for 98 octane unleaded, NT$27.7 per liter.

Officials say the reduction is the result of a downward pressure on crude prices due to technical factors and a projected increase in the output of shale oil in May in the United States.    [FULL  STORY]

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