The state-run oil refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday said that it would trim gasoline and diesel prices by another NT$0.3 per liter as falling global prices of crude oil helped it save import costs.
That is the second straight week of price cuts by CPC after the company’s average crude oil import cost slid 2.62 percent to US$79.69 per barrel from the selling price a week ago.
After adjustment, 95-unleaded and 98-unleaded gasoline will be priced at NT$30.2 per liter and NT$31.7 per liter. The new prices take effect today.
Matching CPC’s price cuts, private oil refiner Formosa Petrochemical Corp (台塑石化) said it would reduce gasoline and diesel prices by NT$0.3 per liter as global crude oil prices slid on slowing demand amid the debt crisis in the eurozone, according to a company statement posted on its Web site.
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