To reflect lower fuel costs, CPC Corp, Taiwan (CPC,
The state-run refiner said it would also lower prices of liquefied petroleum gas (LPG) used by vehicles by NT$0.2 per kilogram and by NT$0.25 per kilogram for both household and industrial-use LPG.
The company's announcement was made in a statement posted on the Ministry of Economic Affair's Web site.
Following the adjustment, the new rates, which take effect today, are: 98-octane unleaded gasoline, NT$30; 95-octane unleaded gasoline, NT$28.5; 92-octane unleaded gasoline, NT$27.8; premium diesel oil and biodiesel, NT$25.2 per liter, the company's statement said.
CPC begins applying a new pricing scheme this month, linking domestic wholesale prices to Dubai and Brent crude oil prices. The new formula is based on changes of the 30-day average for Dubai and Brent crude in the past month and that of the previous month.
The company has adjusted its rates every week based on price fluctuations of the West Texas Intermediate crude oil traded on the New York Mercantile Exchange during the past seven days.
Rival Formosa Petrochemical Corp (
The company said it would match CPC's price cuts in both gasoline and diesel oil products, effective today.
Former president Ma Ying-jeou’s (馬英九) mention of Taiwan’s official name during a meeting with Chinese President Xi Jinping (習近平) on Wednesday was likely a deliberate political play, academics said. “As I see it, it was intentional,” National Chengchi University Graduate Institute of East Asian Studies professor Wang Hsin-hsien (王信賢) said of Ma’s initial use of the “Republic of China” (ROC) to refer to the wider concept of “the Chinese nation.” Ma quickly corrected himself, and his office later described his use of the two similar-sounding yet politically distinct terms as “purely a gaffe.” Given Ma was reading from a script, the supposed slipup
Former Czech Republic-based Taiwanese researcher Cheng Yu-chin (鄭宇欽) has been sentenced to seven years in prison on espionage-related charges, China’s Ministry of State Security announced yesterday. China said Cheng was a spy for Taiwan who “masqueraded as a professor” and that he was previously an assistant to former Cabinet secretary-general Cho Jung-tai (卓榮泰). President-elect William Lai (賴清德) on Wednesday last week announced Cho would be his premier when Lai is inaugurated next month. Today is China’s “National Security Education Day.” The Chinese ministry yesterday released a video online showing arrests over the past 10 years of people alleged to be
THE HAWAII FACTOR: While a 1965 opinion said an attack on Hawaii would not trigger Article 5, the text of the treaty suggests the state is covered, the report says NATO could be drawn into a conflict in the Taiwan Strait if Chinese forces attacked the US mainland or Hawaii, a NATO Defense College report published on Monday says. The report, written by James Lee, an assistant research fellow at Academia Sinica’s Institute of European and American Studies, states that under certain conditions a Taiwan contingency could trigger Article 5 of NATO, under which an attack against any member of the alliance is considered an attack against all members, necessitating a response. Article 6 of the North Atlantic Treaty specifies that an armed attack in the territory of any member in Europe,
The bodies of two individuals were recovered and three additional bodies were discovered on the Shakadang Trail (砂卡礑) in Taroko National Park, eight days after the devastating earthquake in Hualien County, search-and-rescue personnel said. The rescuers reported that they retrieved the bodies of a man and a girl, suspected to be the father and daughter from the Yu (游) family, 500m from the entrance of the trail on Wednesday. The rescue team added that despite the discovery of the two bodies on Friday last week, they had been unable to retrieve them until Wednesday due to the heavy equipment needed to lift