Private petro company to cut prices Monday

Focus Taiwan
Date: 2017/03/11
By: Jeffrey Wu and S.C. Chang

Taipei, March 11 (CNA) Formosa Petrochemical Corp. (台塑石化), a privately owned fuel supplier, announced Saturday it will lower its octane and diesel fuel prices by NT$0.3 (US$0.0097) and NT$0.4 per liter respectively starting at 1:00 a.m. Monday.

With the latest adjustment, Formosa Petrochem’s gas stations will be selling super diesel for NT$21.9 per liter and prices for 92 octane unleaded, 95 octane unleaded, and 98 octane unleaded will be NT$24.5, NT$26 and NT$28.3 respectively.

International crude oil prices moved lower after reports surfaced that crude inventory in the United States was higher than expected, Formosa Petrochem said.
[FULL  STORY]