CPC announces fuel price hike for coming week

Taiwan's state-owned fuel supplier, CPC Corp., Taiwan (??), said Sunday it will raise its gasoline and diesel prices in the coming week due to rising international crude oil prices.

CPC said it will increase gasoline and diesel prices by NT$0.7 and NT$0.8 per liter, respectively, starting at midnight Sunday after global crude prices rose on optimism that the Organization of the Petroleum Exporting Countries (OPEC) will cut output at a meeting in Vienna on Nov. 30.

After the adjustment, fuel prices at CPC gas stations islandwide will climb to NT$20.9 per liter for super diesel, NT$23.3 per liter for 92 octane unleaded, NT$24.8 per liter for 95 unleaded and NT$26.8 per liter for 98 unleaded.

The company's main competitor, Formosa Petrochemical Corp. (????), a privately owned fuel supplier, announced identical price hikes on Saturday.

Source: Focus Taiwan News Channel