Focus Taiwan
Date: 2015/05/02
By: Huang Chiao-wen and Frances Huang
Taipei, May 2 (CNA) Gasoline and diesel prices in Taiwan will likely rise next
Based on a floating pricing mechanism used by state-owned oil supplier CPC Corp. (中油), domestic fuel prices could rise by NT$0.3 (US$0.01) per liter next week after a NT$0.3 rise for gasoline and NT$0.4 increase for diesel this week.
The CPC adjusts domestic fuel prices on a weekly basis based on a weighted oil price formula consisting of 70 percent Dubai crude and 30 percent Brent crude. [FULL STORY]