Fuel prices to drop NT$0.3 per liter
Central News Agency
2014-08-24 09:16 PM
Taipei, Aug. 25 (CNA) Domestic gasoline and diesel prices will be adjusted lower by NT$0.3 per liter each, the state-run oil refiner, CPC Corp., Taiwan announced Sunday, adding that the adjustment will take effect from midnight that day. The adjusted price for 92 unleaded gasoline will be NT$32.5 (US$1.08) per liter, while that for 95 unleaded will be NT$34, and 98 unleaded will cost NT$36. The price for super diesel will be dropped to NT$31.3 per liter at CPC gas stations, according to the company. It marks the fourth time within one month that fuel prices have been reduced. In total, gasoline prices have dropped by NT$1 in August so far, while diesel has fallen to NT$1.1, CPC Corp. said. The new prices will be the lowest since May 13, 2013, the company said, attributing the cut to a drop in the weekly average price of indicator crude oil prices to US$99 per barrel this week from US$102 the previous week. The Formosa Petrochemical Corp. (FPC), a private oil refiner, will also impose a NT$0.3 per liter cut on its prices as a result of the drop in international crude oil prices, the company said. Staring Monday, FPC's 92 unleaded gasoline will be sold at NT$32.4 per liter, while 95 unleaded will be NT$34 and 98 unleaded will be NT$36.2. The price for its super diesel will be lowered to NT$31.3 per liter. (By Elizabeth Hsu)
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