Gasoline prices this week are to fall by NT$0.2 per liter and diesel prices are to fall by NT$0.3 per liter, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said separately yesterday.
Effective today, gasoline prices at CPC stations are to fall to NT$30.8, NT$32.3 and NT$34.3 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while the price of premium diesel is to drop to NT$28.6 per liter, the state-run refiner said in a statement.
Formosa said that its prices for 92, 95 and 98-octane unleaded gasoline would fall to NT$30.8, NT$32.2 and NT$34.3 per liter respectively, while the price of premium diesel would fall to NT$28.4 per liter.
CPC said that global oil prices last week fell from the previous week due to a resurgence of COVID-19 infections in China, which led to weaker demand for oil.
Other factors that affected the global oil market last week included a COVID-19 lockdown in Shanghai and the EU’s plan to ban Russian oil imports in stages, Formosa said.
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Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
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