After falling for two consecutive weeks, gasoline prices will rise by NT$0.1 per liter and diesel prices will increase by NT$0.2 per liter today to reflect the rise in international fuel costs, the nation’s two oil refiners said yesterday.
Residents of areas affected by Typhoon Morakot will continue to receive preferential rates from the two refiners, but the discounts will be reduced to NT$0.5 per liter for gasoline, they said. The preferential rates for diesel have been dropped.
In separate statements, CPC Corp, Taiwan (台灣中油) attributed its decision to raise prices to rising global crude oil prices during the week, while Formosa Petrochemical Corp (台塑石化) said global oil prices climbed higher after the US inventories of oil products fell more than expected last week.
For the week, global crude oil prices rose nearly 5 percent to settle at US$78.05 per barrel on the New York Mercantile Exchange on Thursday.
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