Fuel prices expected to dip in coming week

The oil refinery is likely to reduce the fuel prices for local consumers by around NT$0.10 or NT$0.20 per liter beginning on Monday.

CPC executives said the exact price reduction will be decided later based on more complete market data.

This will be the first price drop for motorists and other fuel users after three weekly price increases in a row.

Statistical data compiled by CPC show that based on the price-adjusting formula of “70 percent Dubai oil price + 30 percent Brent oil price,” the company's weekly import cost for crude oil already dropped by US$1.39 per barrel to US$101.24 as of July 26 from US$102.63 one week earlier.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Want Want rejects terms set by NCC

NEXT ARTICLE
Certification of Muslim-friendly restaurants to cater to tourists

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit