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🇹🇼 Taiwan /Economy & Trade

Taiwan Maintains Fuel Prices Amid Rising Global Oil Costs

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Taiwan's CPC Corporation will maintain current gasoline and diesel prices for the upcoming week.
  • This decision aims to stabilize domestic prices amidst rising international oil costs due to Middle East geopolitical tensions.
  • Taiwan's fuel prices remain significantly lower than neighboring countries.

Taiwan's state-run oil company, CPC Corporation, announced it will keep gasoline and diesel prices unchanged for the week of August 3 to August 9. This decision comes as international oil prices experience volatility due to escalating geopolitical conflicts in the Middle East.

The company stated that the price freeze is intended to support domestic livelihoods and maintain price stability. CPC is continuing its "neighbor-friendly lowest price" policy and its special mechanism to stabilize prices during the ongoing US-Iran conflict.

Under this policy, the price of 95-octane unleaded gasoline in Taiwan is 18.44 New Taiwan dollars per liter cheaper than the lowest price in neighboring countries. Specifically, compared to South Korea, Japan, and Singapore, Taiwan's 92-octane unleaded gasoline is 6.63 NTD/liter lower, 95-octane unleaded is 18.44 NTD/liter lower, and super diesel is 5.7 NTD/liter lower.

The price freeze applies to all fuel types: 92-octane unleaded gasoline at 30.5 NTD/liter, 95-octane unleaded at 32 NTD/liter, 98-octane unleaded at 34 NTD/liter, and super diesel at 29.3 NTD/liter.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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