Taiwanese producers cut fuel prices on weak crude
The price cuts are the largest that the company has made since mid-April 2013 as global crude oil prices have slumped in the face of slower demand as well as OPEC’s increased supplies.
Following CPC’s reductions, another Taiwanese company, Formosa Petrochemical Corporation, also stated that they would cut their gasoline and diesel prices by TWD0.9/liter and TWD1/liter, respectively.
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