Prices hike for gasoline, diesel oil, liquefied petroleum gas

After the price hike, the 92-octane unleaded gasoline oil will sell for NT$28.6 per liter, compared with the new corresponding price of NT$29.3 for 95-octane unleaded gasoline and NT$30.8 for 98-octane unleaded gasoline. The premium diesel oil will retail for NT$26.1 per liter.

The flexible oil pricing system adopted by the CPC to figure out its weekly domestic sales prices is based on 70 percent of Dubai crude oil price futures and 30 percent of Brent crude oil price futures.

Meanwhile, as the international contract price for liquefied petroleum gas (LPG) rose by US$95 per metric ton in July from June, domestic sales price for tanked LPG should be raised by NT$3.6 per kilogram if based on the floating pricing formula now in practice, according to CPC officials.

But the officials said that in order to ease the financial burden on general public, the CPC has decided to hike the price for tanked LPG by only NT$2.5 per kilogram.

Accordingly, each 20-kg LPG tank will be raised by NT$50.

In addition, the CPC also proposes a 8.09 percent hike on the domestic sales price for natural gas, which will be put into practice after being approved by the Ministry of Economic Affairs.

If based on the average monthly consumption of 30 cubic meters of natural gas by per household, each family user will have to see an additional expense of NT$27 on natural gas consumption per month.

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