CPC, Formosa raise fuel prices amid Gulf tensions - News Summed Up

CPC, Formosa raise fuel prices amid Gulf tensions


Staff writer, with CNATaiwan’s two major fuel suppliers yesterday announced gasoline and diesel price hikes for this week as tensions continue to rise in the Persian Gulf. Effective today, CPC Corp, Taiwan (台灣中油) is to raise gasoline prices by NT$0.3 per liter and diesel prices by NT$0.4 per liter, the state-run oil refiner said. The hikes would push domestic gasoline prices to their highest levels since March. CPC would have to absorb NT$0.2 per liter on its gasoline and diesel prices to comply with the government’s fuel price stabilization mechanism, it said. Prices at Formosa gas stations would be NT$28.9 per liter for 92-octane unleaded, NT$30.3 for 95-octane unleaded, NT$32.4 for 98-octane unleaded and NT$26.8 for diesel.


Source: Taipei Times May 19, 2019 15:56 UTC



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