Taiwan Keeps Fuel Prices Steady Amid Global Market Volatility

Taiwan's state-run oil company, CPC, announced on July 11 that fuel prices will remain unchanged for the upcoming week. This decision comes amidst volatility in the international oil market, exacerbated by military tensions between the United States and Iran, which have impacted crude oil supplies.

Effective from July 13 to July 19, the prices for gasoline and diesel will hold steady. Specifically, 92 unleaded gasoline will be priced at 29.8 NT dollars per liter, 95 unleaded gasoline at 31.3 NT dollars per liter, 98 unleaded gasoline at 33.3 NT dollars per liter, and super diesel at 28.8 NT dollars per liter.

CPC highlighted that even with the current international price increases, Taiwan's fuel costs continue to be competitive compared to its neighbors. A comparison with prices in South Korea, Japan, and Singapore reveals significant differences. For instance, Taiwan's 95 unleaded gasoline is 16.88 NT dollars per liter cheaper than the lowest price recorded in these neighboring countries. Similarly, 92 unleaded gasoline is 4.77 NT dollars cheaper, and super diesel is 3.66 NT dollars cheaper per liter.