CPC to leave natural gas prices stable this monthStaff writer, with CNAAlthough natural gas prices on the global market have continued to rise, CPC Corp, Taiwan (CPC, 台灣中油) announced yesterday that it will leave natural gas prices on the local market unchanged for this month. According to CPC, about 98 percent of energy consumed in Taiwan comes from imports, so it is no surprise that the movement of local natural gas prices is subject to price fluctuations on the international market due to higher import costs. A man checks cylinders of liquefied petroleum gas on a truck in Yilan County on July 18, 2018. Photo: Chang Yi-cheng, Taipei TimesTo reflect rising import costs, CPC said that domestic natural gas prices should have gone higher, but to alleviate inflationary pressure, the company has decided to leave its prices intact this month. In December, consumer prices in Taiwan rose 2.62 percent from a year earlier, remaining above the 2-percent inflationary alert level for the fifth consecutive month, according to the Directorate-General of Budget, Accounting and Statistics.

Source: Taipei Times February 01, 2022 02:28 UTC