State-run Chinese Petroleum Corp (CPC,
This was the company's first petroleum products price cut this year, after three hikes in the past few months raised prices a total of NT$4 per liter.
In a statement released on the Ministry of Economic Affairs' Web site, the company said it would reduce prices of gasoline by NT$0.5 per liter and those of diesel oil by NT$0.3 per liter.
After the price adjustments, the wholesale price for 98-octane unleaded gasoline will be NT$29.6, 95-octane unleaded gasoline will be NT$28.1, 92-octane unleaded gasoline will be NT$27.4 and top-grade diesel oil will be NT$24.2 per liter.
CPC's price cuts came a day after the Consumers' Foundation (消基會) urged the nation's two oil refiners to lower gasoline prices to reflect falling crude oil prices.
The foundation said that as both CPC and private Formosa Petrochemical Corp (
The price of New York's light sweet crude for delivery next month declined to around US$64 per barrel on Wednesday from an all-time high of US$77.23 per barrel on July 14.
In yesterday's statement, CPC said the prices of petroleum products in Taiwan were still far lower than those in neighboring Asian countries.
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New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last