CPC Corp., Taiwan will keep residential, commercial, service and industrial natural gas prices unchanged in July under the government's price stabilization policy, Focus Taiwan reported Tuesday.
The state-run company said it has frozen tariffs for these users despite lower import costs, absorbing the additional expenses to ease the financial burden on consumers. Since March, CPC has shouldered a cumulative NT$140 billion in costs related to industrial users, according to the report.
Natural gas prices for utility users, however, will fall 4.72% in July to reflect lower import costs. CPC said global oil and gas prices have eased as tensions in the Middle East subsided, though uncertainty over U.S.-Iran negotiations continues to cloud the market outlook, the news outlet said.
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