USD 66.6082

+0.61

EUR 73.9484

+0.73

BRENT 59.76

-0.01

AI-92 42.23

+0.04

AI-95 45.97

+0.02

AI-98 51.74

0

Diesel 45.89

+0.11

18

Taiwan to Freeze Gas Prices

The government is not ruling out freezing gasoline prices again in January, Minister of Economic Affairs Steve Chen said yesterday

The Taiwan government is not ruling out freezing gasoline prices again in January, Minister of Economic Affairs Steve Chen said yesterday.

A price freeze already took effect in December as the margin of international oil price increase exceeded the threshold for a suspension of Taiwan's gasoline price-floating system.

The price-floating mechanism adopted by the state-run CPC Corp. uses Brent crude price and Dubai oil price as determinants for price changes. Both indices have fallen to the US$86.5-a-barrel level, some US$2 lower from that of November.

He added any change to gasoline prices must be made based on careful evaluation of how such change would affect the economy.