The nation’s two major refiners yesterday announced that they would raise gasoline and diesel prices by NT$0.2 per liter from today, ending five weeks of price cuts.
Following the adjustments, domestic gasoline prices at CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) stations are to rise to NT$28.8, NT$30.3 and NT$32.3 per liter for 92, 95 and 98-octane unleaded gasoline respectively.
Premium diesel would cost NT$27.2 per liter at CPC stations and NT$27 at Formosa pumps.
The increases come even as international crude oil prices fell last week compared with the previous week, CPC and Formosa said in separate statements.
Front-month US West Texas Intermediate crude oil futures edged up 0.33 percent to US$69.49 per barrel on Friday, but declined 3.19 percent in the week, while Brent crude oil futures rose 0.4 percent to US$73.1 per barrel on Friday, falling 3.35 percent for the week, Dow Jones Newswires reported on Saturday.
The global oil market experienced a volatile week of trading last week, with crude prices falling earlier last week, as the Israeli military’s recent airstrikes on Iran avoided Iranian oil facilities, CPC and Formosa said.
However, it rose later in the week amid market speculation that OPEC+ could delay next month’s planned oil production increase by a month or more.
However, this week’s average price levels are still lower than the previous week’s, they said.
Separately, prices of liquefied petroleum gas (LPG) products, including household and automotive LPG, propane and butane, as well as propane and butane mixes, would remain unchanged this month, CPC said.
Liquefied natural gas prices for retail users would also stay the same this month, although prices for industrial users would rise 3 percent from last month, it added.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS