Gasoline, diesel prices remain the same this week

By Chen Cheng-hui / Staff reporter

Gasoline and diesel prices are to remain unchanged this week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, despite crude oil import costs falling.

Gasoline prices at CPC and Formosa stations are to stay at NT$27.1, NT$28.6 and NT$30.6 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said.

The price of premium diesel is to remain at NT$25.5 per liter at CPC stations and NT$25.3 at Formosa pumps, they added.

The companies’ announcements came after international crude oil prices last week fell about 3 percent, as renewed US efforts to push for a Russia-Ukraine peace deal weighed on oil market.

Front-month Brent crude oil futures — the international oil benchmark — last week fell 2.84 percent to settle at US$62.56 per barrel on the Intercontinental Exchange, while West Texas Intermediate crude oil futures — the US oil gauge — lost 3.38 percent to US$58.06 per barrel on the New York Mercantile Exchange.