Domestic gasoline prices are to rise NT$0.2 per liter this week after international crude oil prices moved up last week amid escalating geopolitical tensions in the Middle East, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said in separate statements yesterday.
On the other hand, diesel prices are to fall NT$0.6 per liter, ending six consecutive weeks of increases, the companies said.
Effective today, gasoline prices at CPC and Formosa stations are to increase to NT$30.1, NT$31.6 and NT$33.6 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.
Premium diesel would cost NT$27.7 per liter at CPC stations and NT$27.5 at Formosa pumps.
International oil prices rose last week as the market was worried that if Iran strikes Israel over the recent assassination of Hamas political leader Ismail Haniyeh, it could affect crude oil exports in the Persian Gulf region and cause oil prices to rise, the companies said.
However, the gains in oil prices were capped after US crude oil inventories unexpectedly increased last week after dropping for six straight weeks, they said.
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