Prices for gasoline and diesel decline NT$0.2, NT$0.1: CPC
By Ted Chen, The China PostTAIPEI, Taiwan -- The Chinese Petroleum Corporation (CPC, 中油), yesterday announced that effective today, the per-liter prices of domestic fuel are to be decreased, with gasoline reduced NT$0.2 and premium diesel down NT$0.1.
September 9, 2013, 12:09 am TWN
The state-run enterprise attributed the price adjustment to declines in the price of oil observed throughout international markets. International oil prices declined on account of the U.S. saying any military intervention in Syria would be limited to airstrikes only, said CPC. In addition, demand for fuel had been declining as the seasons progress from summer to autumn. According to the CPC, the weekly average international oil price fell by US$0.45, reaching US$111.71 per barrel, resulting in a 0.6-percent downward adjustment, said CPC.
Following the price adjustment, the domestic per-liter price of fuel will be set at NT$34.5 for 92-grade gasoline, NT$36 for 95-grade gasoline, and NT$38 for 98-grade gasoline, with the price of premium diesel to reach NT$33.5 per liter.
Currently, weekly price adjustments in fuel prices are matched by the Formosa Petrochemical Corporation (台塑化), who will offer fuel at the same price at their gas stations.