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Market Chatter: Taiwan's CPC to Keep Gas, Diesel Prices Unchanged Amid Inflation

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Taiwan's state-owned oil supplier CPC, Taiwan will keep domestic gasoline and diesel prices unchanged for an 11th consecutive week, aiming to contain inflationary pressures amid ongoing geopolitical tensions, Focus Taiwan reported Saturday.

The company said retail fuel prices from Monday through June 21 will remain at NT$32.4, NT$33.9 and NT$35.9 per liter for 92, 95 and 98-octane petrol, while diesel will stay at NT$31.0 per liter, according to the report.

Although global crude prices have eased slightly this week, CPC noted that currency depreciation and earlier oil price spikes have offset the benefit. The company will continue to absorb fuel costs as part of its price-stabilization policy, 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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