Taiwan News
Date: 2019/05/12
By: Central News Agency
Taiwan’s two major fuel suppliers announced reductions in fuel prices for the coming
(CNA photo)
week after eight consecutive weeks of price hikes because of a fall in international crude oil prices driven by trade friction between the United States and China.
Effective midnight Sunday, the price of CPC Corp., Taiwan gasoline and diesel will fall NT$0.20 per liter, the state-run oil refiner announced.
With the adjustments, retail prices at CPC gas stations will be NT$28.60 (US$0.92) per liter for 92 octane unleaded, NT$30.10 per liter for 95 octane unleaded, NT$32.10 per liter for 98 octane unleaded, and NT$26.60 per liter for super diesel.
The company adjusts its fuel prices on a weekly basis according to changes in a weighted oil price formula composed of 70 percent Dubai crude and 30 percent Brent crude. [FULL STORY]
