CPC: Gasoline and Diesel Prices Frozen for 7th Consecutive Week, Cumulative Absorption Exceeds NT$14.8 Billion
Amidst escalating Middle East tensions and rising international oil prices, CPC Corporation announced a seventh consecutive freeze on gasoline and diesel prices. From May 18th to May 24th, prices for gasoline and diesel will remain unchanged. Considering the geopolitical situation and high subsidies in neighboring Asian countries, CPC will continue to absorb costs to maintain the lowest prices in the region. The cumulative absorption amount has reached approximately NT$14.82 billion since the conflict began. This week's absorption rate has increased, aiming to protect the public, stabilize prices, and minimize the impact on daily life and industrial operations.
📋 Article Processing Timeline
- 📰 Published: May 16, 2026 at 15:20
- 🔍 Collected: May 16, 2026 at 15:32 (11 min after Published)
- 🤖 AI Analyzed: May 16, 2026 at 15:42 (10 min after Collected)
With the ongoing Middle East conflict and soaring international oil prices, CPC Corporation announced a seventh consecutive freeze on gasoline and diesel prices. From midnight on May 18th to midnight on May 24th, the prices of gasoline and diesel will remain unchanged.
The retail reference prices are: 92 unleaded gasoline at NT$32.4 per liter, 95 unleaded gasoline at NT$33.9 per liter, 98 unleaded gasoline at NT$35.9 per liter, and super diesel at NT$31 per liter.
CPC stated that due to the volatile situation in the Middle East and rising international oil prices, and considering the still high subsidies in neighboring Asian countries, CPC will continue to absorb costs to maintain the lowest prices in the region for domestic consumers. From May 18th to May 24th, CPC will absorb NT$3.3 per liter for gasoline and NT$5.0 per liter for diesel, an increase in the absorption amount compared to last week.
From February 28th, when the US-Iran conflict began, to May 17th, according to the floating oil price mechanism (lowest in neighboring Asian countries) and the special anti-conflict stabilization mechanism, Taiwan CPC estimates a cumulative absorption amount of approximately NT$14.82 billion for gasoline and diesel. CPC stated that it hopes to minimize the impact on people's daily lives and industrial operations while balancing market mechanisms, and to continue maintaining domestic price stability. (Edited by Lin Shu-yuan) 1150516
The retail reference prices are: 92 unleaded gasoline at NT$32.4 per liter, 95 unleaded gasoline at NT$33.9 per liter, 98 unleaded gasoline at NT$35.9 per liter, and super diesel at NT$31 per liter.
CPC stated that due to the volatile situation in the Middle East and rising international oil prices, and considering the still high subsidies in neighboring Asian countries, CPC will continue to absorb costs to maintain the lowest prices in the region for domestic consumers. From May 18th to May 24th, CPC will absorb NT$3.3 per liter for gasoline and NT$5.0 per liter for diesel, an increase in the absorption amount compared to last week.
From February 28th, when the US-Iran conflict began, to May 17th, according to the floating oil price mechanism (lowest in neighboring Asian countries) and the special anti-conflict stabilization mechanism, Taiwan CPC estimates a cumulative absorption amount of approximately NT$14.82 billion for gasoline and diesel. CPC stated that it hopes to minimize the impact on people's daily lives and industrial operations while balancing market mechanisms, and to continue maintaining domestic price stability. (Edited by Lin Shu-yuan) 1150516
FAQ
Will fuel prices change this week?
No, CPC Corporation has announced a seventh consecutive freeze on gasoline and diesel prices from May 18th to May 24th.
What is the current price of 95 unleaded gasoline?
The retail reference price for 95 unleaded gasoline is NT$33.9 per liter.
Why is CPC absorbing fuel costs?
CPC is absorbing costs to protect domestic consumers, stabilize prices, and maintain the lowest prices in the region, considering the Middle East situation and high subsidies in neighboring countries.
What is the total amount CPC has absorbed?
CPC estimates a cumulative absorption amount of approximately NT$14.82 billion for gasoline and diesel since February 28th.
Has the absorption amount increased this week?
Yes, the absorption amount for gasoline and diesel has increased compared to the previous week.