Taiwan freezes gas and diesel prices again next week
Taiwan's state oil company CPC is holding pump prices flat for another week, good news for drivers even as world oil prices keep climbing.
- Gas and diesel prices stay unchanged from Monday, so there's no reason to rush to fill up.
- World oil prices keep rising because US-Iran talks have stalled.
- The government widened a fuel tax cut, and CPC is eating the rest of the cost to keep Taiwan's prices the lowest in the region.
- Since late February, holding prices down has cost CPC around NT$17.3 billion.
Outlook: Prices likely stay frozen while the US-Iran standoff drags on, but the bill for keeping them there keeps growing.