Prices frozen, taxes cut on oil products

This article was written by Yi-jing Wu and published by the Taiwan Journal on September 30, 2005. It reports that Taiwan's biggest fuel supplier, the state-run Chinese Petroleum Corp., has been ordered to freeze its wholesale prices until the end of the year 2005. Meanwhile, the commodity tax on petroleum products in Taiwan will also be cut, starting October 1. These two measures are meant to ease the impact of recent commodity price hikes, which have put a considerable pressure on the nation's small and medium-sized enterprises.