1 of 1
Story summary
- Premier Cho Jung-tai announced Taiwan activated a price-stabilization mechanism and a weekly cap on oil-price increases, limiting fuel hikes to about 5%.
- The move follows the Middle East conflict as oil prices surge nearly 30%, though officials say there are no immediate fuel shortages.
- Gasoline will rise by NT$1.5 per liter and diesel by NT$1.1, with the government absorbing 60% of increases and coordinating with neighboring countries for LNG stability.
