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Formosa Petrochemical to hike fuel price next week

Formosa Petrochemical raises fuel prices for the third consecutive week

On Monday morning gasoline prices will go up.

On Monday morning gasoline prices will go up.

Taipei, (CNA) Formosa Petrochemical Corp. ( 台塑石化 ), a privately owned fuel supplier, said on Saturday that it will raise domestic gasoline and diesel prices for next week, to reflect a rise in international crude oil prices.

The company said it will increase its gasoline and diesel prices by NT$0.5 (US$0.016) per liter, effective from 1 a.m. Monday.

Following the hike, prices at Formosa Petrochemical gas stations islandwide will rise to NT$21.2 per liter for super diesel, NT$23.9 per liter for 92 octane unleaded, NT$25.3 per liter for 95 unleaded and NT$27.4 per liter for 98 unleaded.

It will be the third consecutive week Formosa Petrochemical has raised fuel prices, attributing the hike to increases in international crude oil prices, which, the company said, have been triggered mainly by a fall in gasoline inventories in the United States and the depreciation of the U.S. dollar.

Updated : 2022-01-18 09:21 GMT+08:00