Taiwan fuel stations
Taiwan fuel stations

One of the biggest festivals in the whole of South East Asia is the Lunar New Year which is observed in countries such as China, Taiwan and others as well. Now, we know that the official New Year was observed just recently on January 1, 2020. However, the Lunar New Year falls approximately a month after that this year. As far as the Lunar New Year is concerned, we are aware that people shop a lot during this time of the year and have celebrations. For this reason, it is obvious that fuel consumption will also be increased.

So in order to not levy the price rise of global fuel prices on the citizens of Taiwan, the Taiwanese state-run CPC Corp has frozen the prices of fuel in Taiwan. This means that until the Lunar New Year, prices of fuel in the country will remain as they are today. Now, this is a welcome announcement from the CPC Corporation for the entire Taiwanese population because we know that the increase in fuel prices would disturb the entire expense cycle for people ahead of the festive Lunar New Year season.

Also revealed is that the freezing of price by the CPC Corp has been done under the government’s policy to minimize citizens’ expenses over the Lunar New Year holiday. As we mentioned earlier, the crude oil prices globally have been increased which means that the Taiwanese fuel prices should have been increased. And the CPC reveals that it had to increase NT$5 per litre on Taiwan’s fuel prices. However, it has decided to absorb the prices until Lunar New Year so as to relieve the burden on the country’s citizens. Apart from fuel prices, the Ministry of Economic Affairs also revealed that the prices of gasoline will also be frozen during Lunar New Year in Taiwan.

  1. If some one wishes expert view concerning blogging and site-building after that i recommend him/her to pay a quick visit this
    webpage, Keep up the nice job.

  2. May I simply just say what a comfort to discover someone that genuinely understands what they’re discussing over the
    internet. You definitely know how to bring a problem to light and make it important.
    More people must read this and understand this side of your story.

    I can’t believe you aren’t more popular because you most certainly have the gift.

Leave a Reply

Your email address will not be published.

You May Also Like
Taiwan masks

Taiwan puts a ban on exporting N95 and surgical masks due to China’s coronavirus

One of the biggest outbreak of a virus in recent history in…
Chinese Navy

Is Chinese Navy Eyeing Taiwan Held Pratas Islands?

A combination of reports from Japan and China over the past week…
French Open Mixed Doubles Winners Chan and Dodig

Taiwanese pair Chan and Dodig defend French Open Mixed Doubles title

At the French Open 2019, Taiwanese tennis pair of veteran Latisha Chan…

How New Delhi’s Eye-For-An-Eye Move Shocked Beijing. 

This is a guest piece by Aditya Singh Gaur The relationship between…