CPC cuts LNG prices this monthBy Natasha Li / Staff reporterState-run oil refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday said it is cutting prices of liquefied natural gas (LNG) this month by 10.14 percent on a monthly basis. Effective today, LNG prices would be cut by between NT$30.9 (US$1.04) and NT$46.35 (US$1.56) for households, CPC said. A CPC Corp, Taiwan gas station in Guanyuan in Hualien County’s Sioulin Township is pictured yesterday. Photo: Huang Pei-chun, Taipei TimesThe company is to maintain the prices of liquefied petroleum gas (LPG) from last month, which includes LPG for household use, industrial-use propane, butane and propane-butane mixture, despite rising international LPG prices. Citing previously absorbed costs of NT$0.9 per kilogram, CPC said it would seek compensation through higher pricing when international prices fall.

Source: Taipei Times May 01, 2020 15:56 UTC