State-run CPC Corp, Taiwan (CPC, 台灣中油) announced yesterday it would cut wholesale gasoline and diesel prices by NT$0.3 per liter to reflect softening oil prices. The new rates went into effect at 12am yesterday.
The adjusted retail price for 98-octane unleaded gasoline is now NT$29.3, 95-octane unleaded gasoline NT$27.8, 92-octane unleaded gasoline NT$27.1, premium diesel oil NT$24.4 per liter and regular diesel NT$23.9 per liter, the company said in a statement released yesterday.
The adjustment was made in accordance with an 80 percent fluctuation in the price of West Texas Intermediate crude oil traded on the New York Mercantile Exchange, which declined by 1.29 percent over the past week, CPC said.
Smaller rival Formosa Petrochemical Corp (
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
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