CPC to Increase December LPG Prices in Taiwan on Costs

CPC Corp., Taiwan’s state-owned oil company, said it will increase domestic liquefied petroleum gas prices for December to reflect higher international costs.

Prices were raised by NT$2 (6.6 cents) per kilogram, the Taipei-based company said on its website today. The refiner said it will keep natural gas prices unchanged.

LPG, a by-product of oil refining, crude oil and gas production, is used for cooking, heating and as motor fuel. The wholesale price of the fuel for households will climb to NT$28.46 a kilogram from NT$26.46, effective tomorrow, the company said.

To contact the reporter on the story: Yu-huay Sun in Taipei at ysun7@bloomberg.net

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net

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