Taiwan's CPC has lost almost $2 billion this year due to high energy prices
#1

05 Jul 2022 03:20PM
(Updated: 05 Jul 2022 03:20PM)


TAIPEI : Taiwan's state refiner CPC Corp lost T$55.5 billion ($1.86 billion) in the first six months of this year due to rising global energy prices and not being able to pass on all the costs to consumers, chairman Lee Shun-chin said on Tuesday.

Taiwan said last week it would raise electricity prices by an average of 8.4 per cent starting July 1 and a 15 per cent increase for large industrial users, though with no increase for the vast majority of households.


https://www.channelnewsasia.com/business...es-2790196
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