Taipei, The price of gasoline will increase by NT$0.2 (US$0.07) per liter this week but diesel prices will remain unchanged, Taiwan's two major fuel suppliers said Sunday.
State-owned oil refiner CPC Corp. Taiwan said prices at its gas stations nationwide will go up to NT$26.5 per liter for 92 octane unleaded, NT$28.0 per liter for 95 unleaded, and NT$30.0 per liter for 98 unleaded with effect from midnight Sunday. The price of super diesel, however, will remain at NT$25.5 per liter, CPC said.
Based on CPC's pricing formula, which follows international crude oil price fluctuations, its gasoline prices would have increased by NT$1.3 this week but the company said it decided on a NT$0.2 per liter hike to keep domestic fuel prices below regional levels.
Meanwhile, CPC's main competitor, privately owned Formosa Petrochemical Corp., announced identical price adjustments on Sunday, which will take effect at 1 a.m. Monday.
After the adjustments, prices at Formosa Petrochemical gas stations nationwide will be NT$26.5 per liter for 92 octane unleaded, NT$27.9 per liter for 95 unleaded, NT$30.0 per liter for 98 unleaded and NT$25.3 per liter for super diesel, the company said.
Source: Focus Taiwan News Channel