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TAIWAN GASOLINE PRICES TO BE CUT BY US 2 CENTS PER LITER.
TAIPEI, Sept 3 Asia Pulse - Gasoline prices will be lowered by NT$0.60 (US$0.02) per liter from Sunday, while diesel prices will be cut by NT$0.7 per liter, the state-run petroleum company, CPC Corp., Taiwan, announced Saturday.
Under a revised floating fuel pricing mechanism, CPC officials said the company is obliged to adjust fuel prices on the first day of each month and to put the adjustment into effect the next day.
The amended system works by taking the Dubai and Brent crude oil prices as the benchmark in pricing under a calculation formula that benefits consumers, according to CPC.
Under the price cut, the price of 92 octane unleaded gasoline will drop ...
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...and diesel prices dropping NT$2.5 per liter. The price cuts came amid...unleaded gasoline will fall to NT$27.2 per liter, that of 95-octane unleaded will be NT$27.9 per liter and that of 98-octane unleaded...
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...the prices for gasoline and natural gas by at least NT$1 or even NT$1.5 per liter. Plagued by the ever-rising international crude oil prices, the CPC suffered operating losses of NT$13.8 billion in the first quarter of the year...
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...restaurants, and food stalls in Taiwan. A NT$115 reduction should be a relief for them...reduce the price for LPG used by vehicles by NT$3.10 or 17.7 percent per liter. This may save up to NT$200 in fuel costs for a car being driven...
Source: HighBeam Research, TAIWAN GASOLINE PRICES TO BE CUT BY US 2 CENTS PER LITER.