Executive Yuan: 90,000 Legal Taxis to Receive Up to NT$6,000 Gas Subsidy in May

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In response to soaring oil prices caused by Middle East tensions, Taiwan's Executive Yuan announced fuel subsidies up to NT$6,000 for 90,000 taxis starting in May, along with fare freezes for buses and flights.

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In response to soaring oil prices caused by Middle East tensions, Taiwan's Executive Yuan announced fuel subsidies up to NT$6,000 for 90,000 taxis starting in May, along with fare freezes for buses and flights.

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Source: https://www.cna.com.tw/news/aipl/202604230087.aspx | Date: Date unavailable

Central News (Central News Agency, Reporters Lai Yuzhen, Gao Huaqian, Taipei 23rd) In response to the rise in oil prices caused by the situation in the Middle East, the Executive Yuan stated today that taxis are an important part of the public transportation system. Starting in May, a gas price subsidy project will be launched for 90,000 legally registered taxis. Excluding pure electric vehicles, the gas subsidy will be up to NT$6,000, and expanding the subsidy will be considered depending on future developments. With the situation in the Middle East continuously changing, Executive Yuan spokesperson Li Huizhi relayed during the post-cabinet meeting press conference today that Premier Cho Jung-tai ruled on the Middle East situation, noting that the government continues to roll out measures to ensure livelihood stability, including maintaining secure petroleum reserves, ensuring adequate natural gas supply for June, and keeping oil prices the lowest among neighboring Asian countries. Cho Jung-tai said the government will also launch new measures to stabilize livelihood prices, including a price freeze on natural gas for civilian use and bottled gas in May. Since taxis are an important part of the public transportation system, a gas subsidy project will be proposed starting in May for 90,000 legally registered taxis. Excluding pure electric vehicles, the gas subsidy will be up to NT$6,000, and an expansion of the subsidy will be studied depending on subsequent developments. He stated that highway passenger transport and domestic aviation will also have their prices frozen for 3 months, with the price difference subsidized by the government. For the maritime passenger transport industry, various 3-month subsidy schemes will be provided to operators depending on short and long-haul routes. In addition, maritime oil prices are already twice as high as before the Middle East conflict. Cho Jung-tai said the government will initiate subsidies of NT$1.2 million to NT$3.5 mil

Executive Yuan: 90,000 Legal Taxis to Receive Up to NT$6,000 Gas Subsidy in May

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