Print

Mail

wiki links

CPC, Formosa increase gasoline and diesel prices

The nation’s two oil refiners yesterday said yesterday they would increase domestic gasoline and diesel prices today, raising the prices of all gasoline products above NT$30 per liter for the first time this year.

CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) raised gasoline prices by NT$0.60 a liter and diesel prices by NT$1.00 a liter, the companies said.

Customers living in areas that were hit hard by Typhoon Morakot will continue to enjoy discounts of NT$2.30 per liter for gasoline and NT$1.40 for diesel, they said.

Meanwhile, the Ministry of Economic Affairs is reviewing CPC’s floating price mechanism and said it would reach a conclusion before the end of the year, a ministry statement showed.
This story has been viewed 571 times.