CPC: Gasoline and Diesel Prices Frozen for 7th Consecutive Week, Cumulative Absorption Exceeds NT$14.8 Billion
NQ Score
80/100
AI Summary (NQ-processed)
Amidst escalating Middle East tensions and rising international oil prices, CPC Corporation announced a seventh consecutive freeze on gasoline and diesel prices. From May 18th to May 24th, prices for gasoline and diesel will remain unchanged. Considering the geopolitical situation and high subsidies in neighboring Asian countries, CPC will continue to absorb costs to maintain the lowest prices in the region. The cumulative absorption amount has reached approximately NT$14.82 billion since the conflict began. This week's absorption rate has increased, aiming to protect the public, stabilize prices, and minimize the impact on daily life and industrial operations.
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Frequently Asked Questions
- Q: Will fuel prices change this week?
- A: No, CPC Corporation has announced a seventh consecutive freeze on gasoline and diesel prices from May 18th to May 24th.
- Q: What is the current price of 95 unleaded gasoline?
- A: The retail reference price for 95 unleaded gasoline is NT$33.9 per liter.
- Q: Why is CPC absorbing fuel costs?
- A: CPC is absorbing costs to protect domestic consumers, stabilize prices, and maintain the lowest prices in the region, considering the Middle East situation and high subsidies in neighboring countries.
- Q: What is the total amount CPC has absorbed?
- A: CPC estimates a cumulative absorption amount of approximately NT$14.82 billion for gasoline and diesel since February 28th.
- Q: Has the absorption amount increased this week?
- A: Yes, the absorption amount for gasoline and diesel has increased compared to the previous week.