00:01Taiwan's state-owned energy supplier CPC Corporation has announced a new round of
00:06fuel price increases starting Monday that comes as global energy prices spikes persist amid ongoing
00:12war in the Middle East, including the closing of the Strait of Hormuz and damage to regional oil
00:17and gas facilities. And people across Taiwan have been lining up to get fuel before the higher
00:22prices hit the pumps. A fisher on the outlying Penghu Islands worries about business.
00:35Some people say the effects will be unavoidable.
00:41So far, oil prices for end consumers have risen by about 10 percent since the start of March,
00:47with CPC Corporation absorbing most of the increase up to 75 percent under the government's price
00:54stabilization approach. Beyond oil, natural gas, which generates over half of the country's electricity,
01:01is also a focus, with the public urging that prices remain unchanged ahead of a government review
01:06meeting on Friday. Experts expressed concern over CPC and the National Electric Utility
01:13Taipa's ability to absorb the impact.
01:27While working to stabilize energy costs and diversify supply, Taiwan is also reassessing nuclear power
01:34with a possible restart plan to help meet the island's growing energy demands.
01:39I'm the U.S. Chief for Taiwan plus.
01:42For more information, visit www.Segest.com for Taiwan plus.
01:45electronics and equipment
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