Domestic gasoline and diesel prices are to increase NT$0.2 and NT$0.1 per liter respectively this week, after international crude oil prices rose last week as the geopolitical situation in the Middle East remained unstable, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said in separate statements yesterday.
In addition, news that oilfields in eastern Libya would be closed and exports halted due to domestic political tension and reports that Iraq plans to reduce its oil production this month as part of a deal with OPEC also helped boost crude oil prices last week, the companies said.
Effective today, gasoline prices at CPC and Formosa stations are to increase to NT$30.1, NT$31.6 and NT$33.6 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.
Premium diesel would cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, they said.
Separately, prices of liquefied petroleum gas (LPG) products, including household and automotive LPG, propane and butane, as well as propane and butane mixes, would remain unchanged this month, CPC said.
Liquefied natural gas prices for retail and industrial users would also stay the same this month, although prices for power generation users such as Taiwan Power Co (台電) would rise 2 percent and those for industrial users like Taiwan Cogeneration Corp (台灣汽電共生) would increase 10 percent from last month, it added.
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