CPC, Formosa to raise fuel prices as war takes tollBy Chen Cheng-hui / Staff reporterCPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday announced they would increase gasoline and diesel prices by NT$1.8 and NT$1.4 per liter respectively. Gasoline prices should have risen by NT$15 per liter based on international oil prices, but CPC only increased them by NT$1.8 per liter, with the government absorbing NT$13.2 per liter, Premier Cho Jung-tai (卓榮泰) said. A CPC Corp, Taiwan employee fills a vehicle’s tank at a fuel station in Taipei’s Zhongzheng District on Friday. CPC said that according to its floating oil price mechanism, gasoline and diesel prices should have increased by NT$15 and NT$16.9 per liter respectively. However, the company would absorb part of the increasing costs in compliance with the government’s policies of stabilizing consumer prices and keeping domestic fuel prices lower than in major neighboring markets, it said.

Source: Taipei Times March 22, 2026 16:38 UTC