Fuel prices increase by NT$0.3 and NT$0.4 for gas and diesel
By John Liu, The China PostTAIPEI, Taiwan -- Effective today, fuel prices will increase NT$0.3 per liter, while diesel price will rise NT$0.4 per liter, local oil refiners announced yesterday.
August 19, 2013, 12:02 am TWN
After the adjustment, state-owned CPC Corp. (中油) will be selling its 92-grade unleaded gasoline for NT$33.8 a liter, 95-grade for NT$35.3 and 98-grade gasoline for NT$37.3. The price of super diesel will stay at NT$32.7 per liter.
Private refiner Formosa Petrochemical Corp. (FPC, 台塑) will price its 92-grade unleaded gasoline at NT$33.7 a liter, 95-grade at NT$35.3, 98-grade gasoline at NT$37.5 and diesel at NT$32.7.
For sedans with a 50-liter gas tank, filling the tank will cost an extra NT$15 after the price adjustment.
Conflict and unrest in Egypt, a strike in major oil producer Libya, and a decrease in U.S. crude oil reserves stirred concerns in the market over crude oil supplies, causing prices to rise, the oil refiners said.
This week's 70-percent Dubai and 30-percent Brent crude index averaged US$105.80 per barrel, up US$1.54 from last week's US$105.80, CPC said.
Due to the unrest in Egypt, international oil prices hit a new record, over the last four months.