Sun, Aug 13, 2006 - Page 3 News List

Taiwan Quick Take: LPG prices to go up

STAFF WRITER

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.

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