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Market Chatter: Taiwan's CPC, Formosa to Keep Domestic Fuel Prices Unchanged for Eighth Week Running

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

This reportedly marks the eighth straight week of no change after the government gave directives to stabilize consumer prices and ease cost pressures.

Retail fuel prices at CPC and Formosa remain unchanged, with 92, 95 and 98-octane gasoline held steady at NT$32.4, NT$33.9 and NT$35.9 per liter. Premium diesel is also unchanged at NT$31 per litre at CPC stations, and NT$30.8 at Formosa pumps, the report said.

CPC said it is absorbing losses of NT$3.6 per liter on gasoline and NT$5.4 on diesel, with its Dubai-Brent weighted pricing formula indicating cumulative losses of NT$15.67 billion as of May 24, the news outlet reported.

(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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