Taiwan fuel price to reach lowest level in 13 months

Taiwan gasoline prices decrease to lowest levels since Nov. 5, 2017

  915
A scooter rider refuels at a CPC gas station in Taiwan.

A scooter rider refuels at a CPC gas station in Taiwan. (By Central News Agency)

TAIPEI (Taiwan News) – Unleaded fuel prices for the week beginning on Dec. 24 will reach their lowest levels since Nov. 5, 2017, reported CNA.

CPC Corp. reports fuel prices will range from NT$26.9 to NT$28.9 (US$0.87-0.94) per liter for various octane unleaded fuel, while diesel will sell for NT$23.2 per liter.

CPC Corp. cited stock market volatility and an interest rate hike in the United States, alongside expected weaker global oil demand next year as influencing the domestic and international oil price.

If compared to last week, drivers will save NT$45 when refueling a standard 50-liter fuel tank this week, according to CNA.