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 last week snapped a two-week losing streak.
The oil market was facing pressure after the US Energy Information Administration on Wednesday reported that US crude oil inventories decreased more than expected in the week ended on Aug. 15, the companies said.
Crude oil prices also rose as optimism over a potential ceasefire between Russia and Ukraine dissipated, resulting in an escalation of sanctions on Moscow, they added.
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