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CPC Corp, Formosa end six weeks of gasoline price hikes REBOUND HOPES: Oil prices rose after OPEC and its allies agreed to phase out production limits, and an economic recovery in China picked up speed By Chen Cheng-hui / Staff reporter CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday announced that they would keep gasoline prices unchanged this week, ending six consecutive weeks of hikes. However, the companies still raised diesel prices by NT$0.1 per liter this week, following an increase of NT$0.2 per liter last week, they said in separate statements. Effective today, gasoline prices at CPC stations are to remain at NT$26.8, NT$28.3 and NT$30.3 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while the price of premium diesel is to increase to NT$24.1 per liter, the state-run refiner said. ....
CPC Corp and Formosa to raise fuel prices for the eighth week in a row By Chen Cheng-hui / Staff reporter CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday announced that they would increase gasoline and diesel prices for an eighth consecutive week, effective today. CPC said that it would raise gasoline prices by NT$0.3 per liter to NT$25, NT$26.5 and NT$28.5 for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel would increase by NT$0.1 per liter to NT$22.4. Based on CPC’s floating oil price formula, the cost of crude oil last week increased 3.8 percent from a week earlier, after Saudi Arabia raised crude oil prices for Asian shipments next month and US commercial crude inventories dropped for a fifth consecutive week, the state-run refiner said in a statement. ....