Reduced prices for domestic gasoline and diesel fuel by NT$1.1 and NT$1.4 respectively.
Hey there! Here's the latest scoop on fuel prices, straight from Taiwan, by yours truly 🤘
Yeah, so, guess who's gonna be feeling a bit lighter at the pump? Yep, you guessed it! Us Taiwanese folks, due to a sweet drop in gasoline and diesel prices at our domestic stations 💸💰
According to reports, the prices are set to plummet by NT$1.1 and NT$1.4 per liter for gasoline and diesel respectively, all thanks to a hefty decline in international crude oil prices last week 🛢️💨
Now, why the price drop, you ask? Well, there's this whole thing going down with the US and China, with trade disputes raising fears of a global recession. That shit dampens oil demand, yo 🌡️📉
Oh, and let's not forget about the Saudi Arabian plans to ramp up crude oil production next month. That extra supply on the market sure as hell ain't helping oil prices, am I right? 💥📉
As for the specifics, effective right now, gasoline prices at CPC and Formosa stations are expected to hit NT$27.2, NT$28.7, and NT$30.7 per liter for 92, 95, and 98-octane unleaded gasoline, respectively. And for premium diesel, it'll be NT$25.7 per liter at CPC stations and NT$25.5 at Formosa pumps 🚗
- The drop in international crude oil prices last week serves as a benchmark for the cost of oil, resulting in a decrease in gasoline and diesel prices at Taiwan's domestic stations, making fill-ups cheaper for Taiwanese residents.
- The industry and finance sectors are closely watching the prices of Taiwan Middle Oil, as reductions in fuel prices could potentially influence consumer spending patterns in the energy sector.
- The specific prices for gasoline and diesel at CPC and Formosa stations will now be NT$27.2, NT$28.7, and NT$30.7 per liter for 92, 95, and 98-octane unleaded gasoline, respectively, as well as NT$25.7 per liter at CPC stations and NT$25.5 at Formosa pumps for premium diesel.
- Given the current reduction in oil prices, it remains to be seen whether the global trade disputes and increased oil production will have a lasting impact on fuel prices, not only in Taiwan but also across the world energy market.
