TAIPEI (Taiwan News) — Taiwan’s transport ministry has launched subsidies for aviation fuel used on domestic routes to offset rising costs linked to tensions in the Middle East, CNA reported Monday.
Premier Cho Jung-tai (卓榮泰) said the government is taking steps to stabilize prices and ensure a steady supply of key materials. He said the ongoing regional conflict continues to disrupt global energy markets and affect Taiwan’s economy.
Cho instructed the economics ministry to coordinate with CPC Corporation, Taiwan and Formosa Plastics to maintain stable production. He also called for efforts to secure additional sources of crude oil and refined petroleum products to prevent supply shortages, per CTEE.
Cabinet Spokesperson Lee Hui-chih (李慧芝) said the aviation fuel subsidy applies to domestic flights under existing regulations. She said the policy is intended to reduce operational pressure on airlines and help keep ticket prices stable.
Authorities are also monitoring supply chains for medical materials and other essential goods, TVBS reported. The health ministry has been asked to ensure adequate access to raw materials, while the agriculture ministry continues measures to support farmers and fishers, including stabilizing fuel and fertilizer supplies.
Cho said inspections will be stepped up to prevent hoarding and price manipulation in the market. He added that further measures will be considered if violations increase, per Economic Daily News.
