Taipei--State-owned oil refiner CPC Corp. Taiwan (??) said it will raise its domestic gasoline prices by NT$0.3 (US$0.01) per liter and diesel prices by NT$0.4 per liter this week, starting at midnight Sunday.
Following the increase, prices at CPC gas stations nationwide will be NT$20.8 per liter for super diesel, NT$23.2 per liter for 92 octane unleaded, NT$24.7 per liter for 95 unleaded and NT$26.7 per liter for 98 unleaded, the company said.
CPC calculates its weekly fuel prices based on a weighted oil price formula made up of 70 percent Dubai crude and 30 percent Brent crude.
After a recent rise in international crude oil prices due to higher demand and reduced supply, CPC's average price of crude oil was calculated at US$47.89 per barrel this week, up from US$46.44 per barrel last week, according to its website.
Source: Focus Taiwan News Channel