Wed, Aug 15, 2007 - Page 12 News List

CPC unveils new pricing mechanism

FORMULA CHANGE The economics ministry said that using Dubai and Brent crude oil prices would better reflect the firm's main oil suppliers

By Jessie Ho  /  STAFF REPORTER

Other concerns include the government's attempt to keep energy prices low,

which could lead to more wasteful energy usage and higher greenhouse gas

emissions and eventually hurt Taiwan's image.

In response, Minister Chen said the ministry would take environmental

concerns into account when adjusting energy taxes in the future.

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