CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) are to lower domestic diesel prices this week, but leave gasoline prices unchanged.
In separate statements yesterday, state-run CPC and privately owned Formosa said that they would lower diesel prices by NT$0.1 per liter, effective today, after keeping prices unchanged the previous week.
Based on its floating oil price formula, the cost of crude oil last week had declined by 0.91 percent from a week earlier, CPC said.
Formosa said international crude oil prices fluctuated last week, as a Black Sea storm reduced oil production in Kazakhstan and the market was concerned about OPEC+ oil producers’ ability to implement voluntary production cuts early next year.
Effective today, gasoline prices at CPC and Formosa stations are to stay at NT$29.5, NT$31.0 and NT$33.0 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.
Premium diesel is to cost NT$27.0 per liter at CPC stations and NT$26.8 at Formosa pumps, they said.
Meanwhile, CPC said despite an increase in international prices for liquefied petroleum gas (LPG), it would keep domestic prices unchanged this month for products including household and automotive LPG, propane and butane, as well as propane and butane mixes.
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