Taiwan fuel prices see biggest jump in 8 years

Focus Taiwan
Date: 05/10/2020
By: Liu Pei-cheng and Chiang Yi-ching

Taipei, May 10 (CNA) Taiwan's two major fuel suppliers on Sunday announced the biggest price hikes in the country since 2012, saying gasoline and diesel prices will increase by NT$2 and NT$2.2 per liter, respectively.

Effective midnight Sunday, prices at the fuel pumps of state-run petroleum refiner CPC Corp., Taiwan will rise to NT$18.2 per liter for 92 octane unleaded, NT$19.7 per liter for 95 octane unleaded and NT$21.7 per liter for 98 octane unleaded, the company said.

For super diesel, the retail price will be raised to NT$15.4 per liter, according to CPC.

Based on an agreement reached in mid-April, OPEC countries and their allies began to cut oil production in May, which has contributed to the rise of fuel prices, CPC said.    [FULL  STORY]

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