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Taiwan Premier says commodity prices to be reduced this week

Premier Liu Chao-shiuan said on Oct. 22 in a press conference that the Executive Yuan would demand to lower commodity prices following the oil price f...

Premier Liu Chao-shiuan said on Oct. 22 in a press conference that the Executive Yuan would demand to lower commodity prices following the oil price f...

TAIPEI (Taiwan News) – With the steady fall of the international crude oil price, Premier Liu Chao-shiuan (劉兆玄) today said in the Legislative Yuan that the Commodity Prices Stability Panel of the Executive Yuan would announce price lowering measures this week.

But Democratic Progressive Party Legislator Tsai Huang-lang (蔡煌瑯) today questioned Liu why natural gas prices had not dropped following the fall in crude oil prices from US$130 to US$62 per barrel?

Liu answered that a week ago, he had already said that the prices of commodities closely related to the oil price would be lowered if the price of oil fell.

Liu also said that under the existing policies implemented by the Executive Yuan, more than 4 million Taiwan households paid less electric bills than the same period last year.

by Taiwan News, Website Editorial Staff


Updated : 2021-06-20 09:38 GMT+08:00