• By Chen Cheng-hui / Staff Reporter

Gasoline and diesel prices are expected to remain unchanged this week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, even as international crude oil prices rose.

Petrol prices at CPC stations are to remain at NT$29.5, 31.0 and 33.0 per liter for unleaded petrol with octane ratings of 92, 95 and 98 respectively, the refiner said public in a press release.

The price of premium diesel should remain at NT$27.3 per litre, he said.

Saudi Arabia’s planned price increases for shipments to Asia and Europe next month, along with the arrival of the northern hemisphere peak holiday season, have led to international price increases. crude oil last week, CPC said.

Based on CPC’s floating oil price formula, the cost of crude oil increased by 3.72% last week compared to the previous week.

The refiner said it should have raised petrol prices this week by NT$7.6 per liter and diesel prices by NT$9.3 per litre.

However, in line with a government policy to keep consumer prices stable and fuel prices lower in Taiwan than in neighboring markets, CPC said it would absorb the increases by implementing a fuel stabilization mechanism. price.

Formosa Petrochemical’s prices for 92, 95 and 98 octane unleaded gasoline are to remain at NT$29.5, 31.0 and 33.0 per liter respectively, while the price of premium diesel is to remain at NT$27.1 per litre.