CPC holds Taiwan gasoline and diesel prices unchanged for seventh week
Briefing by News4U · First published
In a News4U market summary, Focus Taiwan said CPC will keep recommended retail prices for 92-, 95- and 98-octane unleaded gasoline at NT$31.2, NT$32.7 and NT$34.7 per liter from midnight Sunday through Nov. 8, and leave premium diesel at NT$29.9 per liter, marking a seventh consecutive week of unchanged domestic fuel prices after September CPI rose 2.73%. CPC said average international crude under its floating mechanism rose from US$114.83 to US$117.01 per barrel, while overnight Brent futures rose over 2 percent to a high since the end of April on Iran-related concerns after U.S. midterms; the company expects to absorb NT$7.9 per liter losses on gasoline and NT$9.8 on diesel next week, and by Sunday will have absorbed NT$31.86 billion in losses since the end of February. [1]
Sources
- CPC to leave domestic gasoline, diesel prices unchanged next week
Focus Taiwan · · Full text