CPC and Formosa announce price hikes

CPC Corp. Taiwan (CPC) and Formosa Petrochemical Corp. said they were hiking prices for gasoline and diesel fuel products by NT$0.50(US$0.02) per liter to reflect rising fuel costs. However, the two companies said they would continue to offer preferential prices at gas stations in about 20 townships in Nantou, Chiayi, Kaohsiung, Pingtung and Taitung counties that were severely affected by Typhoon Morakot. The discounts for these areas are NT$2.50 (US$0.08) per liter for gasoline and NT$1.50 (US$0.05) for diesel at CPC stations, while discounts at Formosa stations will be NT$3.20 (US$0.10) per liter for gasoline and NT$2.30(US$0.07) for diesel, the statements said. (October 10, 2009)