CPC Corp and Formosa Petrochemical held Taiwan retail fuel prices steady this week, freezing forecourt rates for a fourth consecutive week despite crude topping US$93 a barrel. The decision leaves domestic transport costs stable across thousands of service stations as logistics networks enter the late-summer freight cycle.
Retail unleaded gasoline remains at NT$30.5 per liter for 92-octane, NT$32 for 95-octane, and NT$34 for 98-octane at both retail chains. Premium diesel holds at NT$29.3 per liter at state-run CPC stations and NT$29.1 per liter at Formosa pumps.
Crude Spike Versus Currency Gains
International crude rallied last week after geopolitical friction between the United States and Iran threatened oil supplies. CPC calculates weekly domestic price adjustments through a floating formula weighted 70 percent to Dubai crude and 30 percent to Brent.
Under that formula, Taiwan’s baseline import crude basket averaged US$93.01 per barrel last week, up from US$89.84 the week before. Foreign exchange movements absorbed the shock. The New Taiwan dollar appreciated to an average of NT$31.901 against the greenback from NT$32.194 a week earlier, cutting the landed cost of dollar-denominated crude deliveries.
Pump Rates at the Forecourt
Price stability at the pump shields commercial delivery fleets and consumers from short-term commodity spikes. Fuel distributors across Southeast and East Asia have faced margin compression over the past two quarters as crude volatility tests state-managed pricing mechanisms and retail price caps.
Both refiners will review their pricing formula at the close of trading on Friday, with market attention focused on whether the US$93 crude threshold forces an adjustment in next week’s retail slate.
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