State-run CPC Corp, Taiwan (CPC, 台灣中油), the nation's largest oil refiner, announced yesterday it would raise wholesale gasoline price NT$1.3 per liter and diesel prices NT$1.5 per liter to reflect rising oil prices.
The new rates went into effect at midnight yesterday.
The adjusted retail price for 98-octane unleaded gasoline is NT$29.10, 95-octane unleaded gasoline is NT$27.60, 92-octane unleaded gasoline is NT$26.90 and top-grade diesel oil is NT$23.90 per liter, the company said in a statement yesterday.
As soon as CPC announced its price hikes, smaller rival Formosa Petrochemical Corp (台塑石化) said it would increase its prices to match CPC's, effective 2am today.
Gasoline prices are very likely to climb further next week, as oil prices surged from US$56 last Monday to above US$63 on Monday -- the highest this year -- on tensions over Iran's nuclear plans and the detention of 15 British sailors.
Despite the price hikes by CPC and Formosa, state-run Taiwan Sugar Corp (Taisugar, 台糖) announced yesterday it would launch an promotional campaign to cut unleaded gasoline prices by NT$2 a liter for three days.
Starting 12am today until the end of Friday, consumers who fill up their gas tanks with unleaded gasoline at one of the nation's 68 Taisugar gas stations will get a discount of NT$2 per liter, Taisugar said in a statement yesterday.
Taisugar's discounted price tag is NT$27.10 for 98-octane unleaded gasoline, NT$25.60 for 95-octane unleaded gasoline and NT$24.90 for 92-octane unleaded gasoline.
CHIP RACE: Three years of overbroad export controls drove foreign competitors to pursue their own AI chips, and ‘cost US taxpayers billions of dollars,’ Nvidia said China has figured out the US strategy for allowing it to buy Nvidia Corp’s H200s and is rejecting the artificial intelligence (AI) chip in favor of domestically developed semiconductors, White House AI adviser David Sacks said, citing news reports. US President Donald Trump on Monday said that he would allow shipments of Nvidia’s H200 chips to China, part of an administration effort backed by Sacks to challenge Chinese tech champions such as Huawei Technologies Co (華為) by bringing US competition to their home market. On Friday, Sacks signaled that he was uncertain about whether that approach would work. “They’re rejecting our chips,” Sacks
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
NATIONAL SECURITY: Intel’s testing of ACM tools despite US government control ‘highlights egregious gaps in US technology protection policies,’ a former official said Chipmaker Intel Corp has tested chipmaking tools this year from a toolmaker with deep roots in China and two overseas units that were targeted by US sanctions, according to two sources with direct knowledge of the matter. Intel, which fended off calls for its CEO’s resignation from US President Donald Trump in August over his alleged ties to China, got the tools from ACM Research Inc, a Fremont, California-based producer of chipmaking equipment. Two of ACM’s units, based in Shanghai and South Korea, were among a number of firms barred last year from receiving US technology over claims they have
BARRIERS: Gudeng’s chairman said it was unlikely that the US could replicate Taiwan’s science parks in Arizona, given its strict immigration policies and cultural differences Gudeng Precision Industrial Co (家登), which supplies wafer pods to the world’s major semiconductor firms, yesterday said it is in no rush to set up production in the US due to high costs. The company supplies its customers through a warehouse in Arizona jointly operated by TSS Holdings Ltd (德鑫控股), a joint holding of Gudeng and 17 Taiwanese firms in the semiconductor supply chain, including specialty plastic compounds producer Nytex Composites Co (耐特) and automated material handling system supplier Symtek Automation Asia Co (迅得). While the company has long been exploring the feasibility of setting up production in the US to address
RSS