Gas Prices Frozen; CPC Taiwan's Cumulative Absorption Reaches NT$16.66 Billion

While the rise in international oil prices has slowed, the situation in the Middle East remains volatile. CPC Corporation, Taiwan, announced today that gasoline and diesel prices will remain unchanged from midnight on June 1 to midnight on June 7.

CPC stated that the reference retail prices for various fuels are: 92 unleaded gasoline at NT$32.4 per liter, 95 unleaded at NT$33.9, 98 unleaded at NT$35.9, and super diesel at NT$31. Domestic retail prices remain the lowest among neighboring Asian countries.

CPC explained that given the high uncertainty in the Middle East and considering subsidies in neighboring countries, it will continue to absorb costs to protect domestic livelihoods and stabilize prices. From June 1 to June 7, CPC will absorb a total of NT$1.8 and NT$3.3 for gasoline and diesel, respectively.

From the outbreak of the US-Iran war on February 28 to May 31, based on the floating oil price mechanism and the war-related stabilization mechanism, CPC estimates it has absorbed approximately NT$16.66 billion. The company aims to minimize the impact on daily life and industrial operations while maintaining market mechanisms.