CPC, Formosa raise prices following a global cost increase

State-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday announced that it would raise gasoline prices by NT$0.6 and diesel prices by NT$0.7 per liter to reflect an increase in international crude oil prices last week. The adjustments are to take effect today. CPC said its average crude oil costs last week rose US$2.


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