Gasoline and diesel prices are to remain unchanged this week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, even though international crude oil prices moved lower.
Gasoline prices at CPC stations are to stay at NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the state-run refiner said in a statement.
The price of premium diesel is to remain at NT$26.9 per liter, it said.
The United Arab Emirates’ planned increase in oil production and the US Federal Reserve’s 75 basis-point rate increase led to decreases in international crude oil prices last week, CPC said.
Based on its floating oil price formula, the cost of crude oil last week decreased 0.9 percent from a week earlier, it said.
Formosa Petrochemical’s prices for 92, 95 and 98-octane unleaded gasoline are to stay at NT$29.2, NT$30.7 and NT$32.7 per liter respectively, while the price of premium diesel is to remain at NT$26.7 per liter, the company said.
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