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International Oil Prices Decline, Gasoline and Diesel Expected to Drop Next Week

International Oil Prices Decline, Gasoline and Diesel Expected to Drop Next Week

The global economy is facing recession concerns due to U.S. tariff policies, and OPEC+ is gradually increasing production, leading to a decline in international oil prices. It is estimated that starting from midnight on the 5th, domestic gasoline prices will drop by NT$0.7 to NT$0.8 per liter, while diesel will decrease by NT$1.0 to NT$1.1 per liter.

As of May 2, the floating oil price adjustment indicator has a weekly average of US$64.39, down US$3.68 from last week’s US$68.07. This week’s exchange rate for the New Taiwan Dollar against the U.S. Dollar is NT$32.237, appreciating by NT$0.264 compared to last week’s NT$32.501.

Without considering the minimum prices and stability measures of neighboring Asian countries, the estimated retail prices for next week are as follows: NT$27.6 to NT$27.5 for 92 unleaded gasoline, NT$29.1 to NT$29 for 95 unleaded gasoline, NT$31.1 to NT$31 for 98 unleaded gasoline, and NT$26.1 to NT$26 for super diesel. CPC Taiwan will officially announce the actual adjustment amounts at noon on the 4th.