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Market Chatter: Taiwan's CPC, Formosa to Keep Domestic Fuel Prices Unchanged

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State-owned CPC Corp., Taiwan, and Formosa Petrochemical (TPE:6505) plan to keep domestic fuel prices unchanged this week for the seventh consecutive week, despite elevated global crude oil prices, the Taipei Times reported Monday.

Retail prices remain unchanged: 92-octane gasoline at NT$32.4 per liter, 95-octane at NT$33.9, and 98-octane at NT$35.9. Diesel is priced at NT$31 per liter at CPC stations and NT$30.8 at Formosa outlets, the report said.

The companies said the move supports inflation control and aligns with the government's pricing mechanism, which aims to keep local fuel below neighboring markets. CPC also reported ongoing losses on fuel sales, partly offset by a stronger Taiwan dollar, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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