Today, CPC Corporation, Taiwan announced that starting from midnight tomorrow (28th), diesel prices will increase by 0.2 yuan while gas prices will remain unchanged.

Despite continued drops in international oil prices due to increased commercial crude oil inventories in the United States and the potential for OPEC+ to expand production, the ongoing trade war between the U.S. and China has led to a more optimistic outlook, thus limiting the decline of international oil prices.

From this week, the prices remain at 28.3 yuan for 92 octane unleaded gasoline, 29.8 yuan for 95 octane unleaded gasoline, and 31.8 yuan for 98 octane unleaded gasoline, while the price for super diesel will rise to 27.1 yuan. Formosa Plastics will adjust their prices after 1 AM tomorrow, maintaining 92 octane unleaded gasoline at 28.3 yuan, 95 octane at 29.8 yuan, and 98 octane at 31.8 yuan, but increasing super diesel to 26.9 yuan. The actual prices will be subject to the announcements at various gas stations.

According to the Energy Information Administration (EIA), for the week ending April 18, commercial crude oil inventories increased by 200,000 barrels to 443.1 million barrels. Additionally, reports suggest that some OPEC+ members are considering accelerating oil production in June, which has further pressured international oil prices. The trade war initiated by the U.S. against China has also led over 100 countries to express their support for China's stance. Recently, President Trump revealed that Xi Jinping had initiated a call, leading to a gradual optimism regarding the trade conflict which has somewhat limited the reduction in international oil prices.

As of last weekend, the price for West Texas Intermediate crude oil for June delivery decreased to 63.02 dollars per barrel, down 2.57% for the week while Brent crude for June closed at 66.87 dollars, a decline of 1.60% for the week; Arab Dubai crude reached 67.59 dollars per barrel, experiencing a drop of 2.8%.

CPC Corporation stated that based on the floating oil price adjustment principle, the latest 7D3B calculation shows that the average price rose by 1.04 dollars, and with the New Taiwan Dollar appreciating by 0.036 dollars against the U.S. dollar, the increase margin was 1.15%. Originally, both gasoline and diesel were to be adjusted up by 0.2 yuan per liter; however, in order to maintain lower prices than neighboring Asian countries, gasoline prices absorbed a portion of the increase, hence only diesel prices will rise by 0.2 yuan this week.