Gasoline and diesel prices are to remain unchanged this week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, as international crude oil prices fluctuated within a narrow range last week.
CPC said that based on its floating oil price formula, the cost of crude oil rose 0.28 percent last week from a week earlier, but the company would absorb part of the increase to comply with a government policy of keeping domestic fuel prices lower than in major neighboring markets, it added.
Gasoline prices at CPC and Formosa stations are to stay at NT$29.5, NT$31 and NT$33 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.
The price of premium diesel is to remain at NT$27 per liter at CPC stations and NT$26.8 at Formosa pumps, they said.
Separately, CPC said it would cut liquefied natural gas (LNG) prices for power generation users such as Taiwan Power Co (台電) by 3.33 percent this month to reflect falling global prices.
The company would continue to keep LNG prices unchanged for household and industrial users this month, it added.
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