Gasoline, diesel prices to rise by NT$0.1 per literBy Chen Cheng-hui / Staff reporterCPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday said they would raise gasoline and diesel prices by NT$0.1 per liter this week, effective today, after keeping their fuel prices unchanged last week. Prices at CPC stations would rise to NT$28.3, NT$29.8 and NT$31.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while the price of premium diesel would increase to NT$25.4 per liter, CPC said in a statement. Prices at Formosa stations would rise to NT$28.3, NT$29.7 and NT$31.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while the price of premium diesel would increase to NT$25.2 per liter. Formosa said in a separate statement that surging natural gas prices had led to increased demand for fuel for power generation, which in turn pushed up crude oil prices. However, a stronger US dollar and an unexpected increase in US crude oil inventories capped the increase in oil prices last week, Formosa added.

Source: Taipei Times October 03, 2021 15:56 UTC