According to a CNA report dated July 26, 2026, Formosa Petrochemical (台塑石化) "decided to raise wholesale gasoline prices by NT$0.7 per liter and wholesale diesel prices by NT$0.5 per liter starting at 1 a.m. on the 27th, with retail prices to be set by individual gas stations" (E1). A separate report from SETN carried an identical figure, stating the company "decided to raise wholesale gasoline prices by NT$0.7 per liter and wholesale diesel prices by NT$0.5 per liter" (E4). Both outlets agree on the same two figures — a 0.7-dollar increase for gasoline and a 0.5-dollar increase for diesel — with no discrepancy between the CNA and SETN accounts.
Both CNA and SETN specify the same effective time: 1 a.m. on July 27, 2026. CNA reported the adjustment would begin "from 1 a.m. on the 27th" (E1), while SETN's report was more precise about the day of the week, noting the increase would start "from 1 a.m. on Monday, July 27, 2026" (E4). The consistency between the two reports on both the date and the hour indicates this is a single, confirmed wholesale price change rather than a phased rollout.
According to CNA, after the adjustment "franchised gas station reference retail prices are: 92 unleaded gasoline at NT$30.5 per liter, 95+ unleaded gasoline at NT$32 per liter, 98 unleaded gasoline at NT$34 per liter, and super diesel at NT$29.1 per liter" (E2). UDN's report carried the identical set of figures, stating that starting at 1 a.m. on the 27th, "franchised gas station reference retail prices are: 92 unleaded gasoline at NT$30.5 per liter, 95+ unleaded gasoline at NT$32 per liter, 98 unleaded gasoline at NT$34 per liter, and super diesel at NT$29.1 per liter" (E6). The matching numbers across both CNA and UDN suggest these are the standardized reference prices Formosa Petrochemical (台塑石化) issued alongside the wholesale change.
| Fuel Type | Reference Retail Price (NT$/liter) |
|---|---|
| 92 unleaded gasoline | 30.5 |
| 95+ unleaded gasoline | 32.0 |
| 98 unleaded gasoline | 34.0 |
| Super diesel | 29.1 |
| Gasoline wholesale increase | +0.7 |
| Diesel wholesale increase | +0.5 |
According to CNA, Formosa Petrochemical (台塑石化) attributed the increase to "the unresolved US-Iran military conflict, with shipping through the Strait of Hormuz and the Red Sea both affected, as concerns over a disruption to Middle East crude oil supply continue to rise, prompting international oil prices to rise sharply" (E3). A separate UDN report, citing the company's own statement, added that the decision also factored in "international oil price trends, the New Taiwan Dollar-to-US Dollar exchange rate, domestic market competitiveness, and the lowest prices among neighboring Asian countries" (E5). Together, the two reports show the company framing the hike as a response to both geopolitical supply risk in the Middle East and a broader set of domestic and regional pricing benchmarks, though neither report provides a numerical breakdown of how much each factor contributed to the 0.7 and 0.5 dollar adjustments.
The CNA, SETN, and UDN reports converge on the same wholesale increase — NT$0.7 for gasoline and NT$0.5 for diesel, effective 1 a.m. on July 27, 2026 — and the same post-hike reference retail prices of NT$30.5, NT$32, NT$34, and NT$29.1 per liter for 92, 95+, 98 gasoline and super diesel, respectively. Formosa Petrochemical (台塑石化) has tied this specific wholesale move to the Middle East conflict affecting the Strait of Hormuz and Red Sea shipping routes (E3), while also citing exchange rates, domestic competitiveness, and regional price comparisons as part of its broader pricing considerations (E5). At the same time, all three reports note that the retail price actually charged at the pump remains at each individual gas station's discretion, meaning the reference figures published by Formosa Petrochemical (台塑石化) are guidance rather than a mandated retail price.
No. According to both CNA and SETN, while Formosa Petrochemical (台塑石化) set the wholesale increase of NT$0.7 for gasoline and NT$0.5 for diesel, "market retail prices are to be set by individual gas stations" (E1, E4).
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