CPC announces fuel price cut for the coming week

Taiwan's state-owned fuel supplier, CPC Corp., Taiwan (??), said Sunday it will lower its gasoline and diesel prices in the coming week because of falling international crude oil prices.

CPC said it will cut gasoline and diesel prices by NT$0.2 (US$0.006) per liter starting at midnight Sunday after fears of a supply glut in the global oil market pushed crude prices down this past week.

After the adjustment, fuel prices at CPC gas stations islandwide will fall to NT$21.4 per liter for super diesel, NT$23.8 per liter for 92 octane unleaded, NT$25.3 per liter for 95 unleaded and NT$27.3 per liter for 98 unleaded.

The company's main competitor, Formosa Petrochemical Corp. (????), a privately owned fuel supplier, announced identical price cuts on Saturday.

Source: Focus Taiwan News Channel