Petrol prices to rise by more than NT$1 a liter
Gasoline and diesel prices are expected to rise by at least NT$1 a liter, come next Wednesday morning.
Though Ministry of Economic Affairs officials were tight-lipped on the price hike, the official Central News Agency reported yesterday the rise, which will be announced on Tuesday, will be NT$1.3 or NT$1.4. The new prices apply after midnight. The CNA said the new Kuomintang administration wants CPC Corp, Taiwan to absorb part of the increase in the gasoline and diesel prices. CPC Corp, Taiwan is a government enterprise. It was previously known as the Chinese Petroleum Corporation.
Should the state-run company be unable to absorb, the CNA said, the price rise might be over NT$2 a liter.
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