zztool About Taiwan Oil Prices
Taiwan's gasoline and diesel prices are set by two major oil companies: CPC Corporation (Taiwan) and Formosa Petrochemical Corporation. Prices are typically adjusted weekly, taking effect at midnight on Sundays. Oil prices are influenced by international crude oil prices, exchange rates, and taxes.
Money-Saving Tips
- ✓ Monitor weekly price adjustment announcements and fill up before price increases
- ✓ Use credit cards for fuel purchases to earn cashback rewards
- ✓ Some gas station membership cards offer points for discounts
- ✓ Self-service pumps are usually cheaper than full-service
- ✓ Avoid running your tank empty as it may damage the fuel pump
FAQ
How often are oil prices adjusted?
Taiwan oil prices are typically adjusted weekly, taking effect at midnight on Sundays. CPC and Formosa announce next week's prices on Friday or Saturday.
Are CPC and Formosa prices the same?
The two companies' prices are usually very close but may have slight differences. Formosa diesel is typically slightly cheaper than CPC.
What's the difference between 92, 95, and 98 gasoline?
The numbers represent octane ratings. Higher numbers mean better anti-knock properties. Regular vehicles can use 92 or 95, while high-performance vehicles should use 95 or 98.
Why do oil prices fluctuate?
Oil prices are mainly affected by international crude oil prices, plus exchange rate changes, seasonal demand, and geopolitical factors.
Always up to date prices!
Very useful information.
Great for tracking costs.