State-run CPC Corp, Taiwan (CPC, 台灣中油) said yesterday it would lower its wholesale gasoline and diesel prices by NT$0.1 per liter, effective today.
The weekly price adjustment was made using CPC’s floating price mechanism and retail pump prices would be decided by individual gas stations, a statement said.
The company also announced price cuts in this month’s wholesale prices of liquefied petroleum gas (LPG) yesterday, to reflect the falling cost of crude oil.
Effective today, CPC has lowered its prices for household LPG by NT$0.25 per kilogram and NT$0.1 per liter for LPG used in cars, a statement said.
The prices of regular and premium diesel have fallen to NT$21.6 per liter, while the price of a 20kg household gas cylinder has been but by NT$5.
Under the latest price adjustments, CPC’s wholesale price of 92 octane unleaded gasoline has fallen to NT$24.5 per liter, 95 octane unleaded gasoline is NT$25.2 per liter, while 98 octane unleaded is NT$26.7 per liter.
Because of recent rising fuel oil prices in Asia owing to short supply in both the US and Europe, CPC has raised the price of low sulfur fuel oil by NT$1,033 per kiloliter to NT$11,009 this month, the statement said.
Formosa Petrochemical Corp (台塑石化) announced that it would match its larger rival’s price cuts on both gasoline and diesel products, effective today.
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