State-run CPC Corp, Taiwan (CPC,
The new rates went into effect at midnight and will remain unchanged until the end of this month.
Later yesterday, private oil refiner Formosa Petrochemical Corp (
To ease the burden on consumers, CPC, however, will not hike the price of liquid petroleum gas this month, Minister of Economic Affairs Steve Chen (陳瑞隆) said yesterday at an interpellation session in the legislature.
Rocketing oil and coal prices have also considerably increased the costs of state-owned Taiwan Power Co (Taipower,
Chen said electricity rates will remain unchanged through the end of this year.
Based on CPC's latest wholesale price adjustments, the retail price for 98-octane unleaded gasoline is now NT$31.3 per liter, 95-octane unleaded gasoline is NT$29.8 per liter, 92-octane unleaded gasoline is NT$29.1 per liter and premium diesel oil is NT$26.6 per liter. The new rates represent highs last seen during the week beginning on July 25.
The range of price hikes were made according to 80 percent of a composite price fluctuation -- 70 percent of Dubai crude and 30 percent of Brent crude -- which increased by 7.07 percent from August to last month, CPC said.
The calculation, which was made last month, reflects CPC's procurement.
Meanwhile, the Cabinet-level Fair Trade Commission warned instant noodle manufacturers that any simultaneous hiking of prices could violate fair trade regulations.
The commission will discuss the matter with major manufacturers, spokeswoman Chou Ya-shu (周雅淑) said. Chou was responding to a report in the Chinese-language United Daily News that said the prices of major brands of instant noodles would increase by about 10 percent starting as soon as tomorrow.
The commission will heavily fine manufacturers that are found to be colluding to fix prices, Chou said.
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The number of births in Taiwan fell to an all-time monthly low last month, while the population declined for the 16th consecutive month, Ministry of the Interior data released on Friday showed. The number of newborns totaled 8,684, which is 704 births fewer than in March and the lowest monthly figure on record, the ministry said. That is equivalent to roughly one baby born every five minutes and an annual crude birthrate of 4.52 per 1,000 people, the ministry added. Meanwhile, 17,205 deaths were recorded, resulting in a natural population decrease of 8,521, the data showed. More people are also leaving Taiwan, with net
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