The Chinese Petroleum Corp (CPC) announced yesterday it will raise prices of liquefied petroleum gas (LPG) in a bid to reflect the rising costs of energy. Beginning at midnight tonight, CPC will increase the price of household LPG by NT$2.4 (US$0.074) per kg to NT$21.41, or 12.62 percent, the company said on its Web site. Therefore, the price of a 20kg household gas cylinder will increase by NT$48, according to CPC. Rival Formosa Petrochemical Corp announced a similar increase of 13 percent to NT$21.5 per kg on Aug. 9. CPC said it will also boost the price of industrial LPG by NT$2.8 per kg, or by 13.33 percent, and that used by vehicles by NT$1.3 per kg, or 9.92 percent. CPC last increased LPG prices on April 19, when it raised the price by NT$1.41 per kg.
Sun, Aug 13, 2006 - Page 3 News List
Taiwan Quick Take: LPG prices to go up
This story has been viewed 2328 times.
Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.
Listing from 2016-04-27 to 2016-05-04
- Most read
- Most e-mailed
1ANALYSIS: Chinese ‘fishing militia’ trained for S China Sea
2US senators urge more operations in South China Sea
3US opposes Chinese coercion
4Groups call on US to support Taiwanese sovereignty
5Send carrier denied port call in HK to Taiwan: Ted Cruz