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October, 2, 2016

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Costco gas station 'unlikely' to threaten local suppliers

TAIPEI--A gas station that will be built in Taoyuan by the American warehouse club Costco Wholesale Corp. is unlikely to have any significant effect on other fuel suppliers in the domestic market, two local companies said Friday.

Lin Jung-lieh, head of state-owned CPC Corp., Taiwan's oil product marketing division, noted that Costco said in its announcement Thursday that the new gas station will be built in Taoyuan's Zhongli District to provide service only to Costco members.

Such a model is not likely to have much of an impact on the business of the state-run gas stations in the Zhongli area, Lin said.

In addition to selling fuel, CPC's gas stations around the country provide services such as vehicle maintenance, car wash, and convenience store sales, which gives CPC an advantage over the its new competitor, he said.

In similar vein, Formosa Petrochemical Corp., a privately owned fuel supplier, said Costco's lone gas station would pose little or no threat to the fuel sale business in the Zhongli area.

In its announcement Thursday, Costco said the gas station will be opened next year in Zhongli District to serve its members, offering the best fuel prices in Taiwan.

Taiwan is the second Asian market in which Costco is opening a gas station, after Japan.

Costco Taiwan Vice President Wang Yu-mei told reporters Thursday that the Zhongli gas station will be self-service but Costco employees will be on hand if customers need assistance.

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