Gasoline prices are to remain unchanged this week, even though international crude oil prices continued to rise last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday.
Diesel prices are to decrease by NT$0.1 per liter this week, following a drop of NT$0.2 per liter last week, the two companies said in separate statements.
“The decline in the annual growth rate of US personal consumption expenditures price index in December and Washington’s threats to strike back following attacks on US troops in Jordan led the global oil prices to rise last week,” CPC said.
Other factors that weighed on the global oil market included deepened worries about China’s economy after a Hong Kong court order of the liquidation of property giant China Evergrande Group (恆大集團) and growing speculations about a ceasefire deal between Israel and Hamas, Formosa said.
Effective today, gasoline prices at CPC and Formosa stations are to stay at NT$29.0, NT$30.5 and NT$32.5 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.
The price of premium diesel is to be NT$27.4 at CPC stations and NT$27.2 at Formosa pumps, they said.
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