Gasoline and diesel prices this week are to decrease NT$0.1 per liter following a fall in international crude prices last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday.
Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.7, NT$31.2 and NT$33.2 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$28.9 per liter at CPC stations and NT$28.7 at Formosa pumps, the companies said in separate statements.
The companies’ price adjustments come as tariff concerns dominate market sentiment, sending global crude oil prices lower last week, the companies said.
US President Donald Trump last week said he was considering 25 percent tariffs on the EU and planned to impose an additional 10 percent levy on imports from China. Tariffs on imports from Canada and Mexico remain scheduled for tomorrow, he said.
The latest US data showed consumer confidence last month registered the largest monthly decline since August 2021, reflecting Americans’ growing worries about inflation and Trump tariffs.
At the same time, concerns over supply risks resurfaced last week after the US imposed a fresh round of sanctions targeting Iran’s oil industry and revoked Chevron Corp’s license to operate in Venezuela.
Front-month US West Texas Intermediate crude oil futures fell 3.82 percent last week to US$69.76 per barrel at the New York Mercantile Exchange, while Brent decreased 4.66 percent to US$73.18 per barrel at London’s ICE Stock Exchange.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
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