TAIPEI (Taiwan News) — Taiwan’s domestic supply of raw materials is expected to remain largely stable through August, Premier Cho Jung-tai (卓榮泰) said during a meeting on Monday.
Cho said stabilization measures are ongoing and ordered ministries to monitor global developments and intervene as necessary, according to the Cabinet. The Ministry of Justice and the Fair Trade Commission have also been tasked with stepping up inspections to crack down on illegal market activity, he said.
The premier said the transport ministry’s “Taxi Fuel Subsidy Measure,” announced last Thursday, is undergoing system integration and is expected to launch on May 20. In addition to taxis, the transport ministry has introduced stabilization measures for highway buses, domestic shipping, and domestic aviation, Cho said, adding that it is using subsidies to help operators absorb rising fuel costs.
Regarding asphalt supply, the economics ministry reported that current inventories from CPC Corporation and Formosa Petrochemical total 61,000 tonnes, Cho said. Based on estimated domestic demand of 19,000 tonnes per month, supply is guaranteed through the end of June. The premier said that with volume secured, the economics ministry should focus on monitoring price trends and watch for signs of market stabilization.
Cho reminded officials that as May approaches, all ministries should extend existing raw material stabilization measures through the fourth quarter of 2026. He called for more preemptive measures and the development of response plans to mitigate uncertainties caused by international conflicts.
