State-run CPC Corp, Taiwan (CPC,
The new prices took effect at midnight last night. The hikes translate to NT$31.3 per liter for 98-octane unleaded gasoline, NT$29.8 for 95-octane unleaded gasoline, NT$29.1 for 92-octane unleaded gasoline, and NT$26.6 for premium diesel oil, the company said in a statement yesterday.
CPC said the hikes were made in accordance with 80 percent of price fluctuation of West Texas Intermediate crude oil traded on the New York Mercantile Exchange, which increased by 0.8 percent over the past week, it said in the statement.
Smaller private rival Formosa Petrochemical Corp (台塑石化) said it would increase its wholesale gasoline and diesel prices to match CPC's, effective at 2am today.
Benefiting from several price-cut promotions, state-run Taiwan Sugar Corp (Taisugar,
The NT$2.2 per liter discount will be offered to drivers who buy NT$700 or more of gasoline and pay in cash from today to Aug. 11, Taisugar said in a statement.
Drivers buying NT$700 or more in gasoline and paying with a credit card would get NT$1.6 per liter off, Taisuger said.
Those spending less than NT$700 would get NT$1.6 per liter off if they paid cash, and NT$1 per liter off if they paid by credit card, the company said.
Taisugar's petroleum business division was established in October 2003 and finally broke even last year to be the most profitable sector among the company's eight units, the statement said, without giving figures.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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