00:00Fuel prices in Taiwan have gone up as global energy prices keep rising amid ongoing war in the Middle East.
00:06On Monday, town-state-owned energy supplier CPC Corporation launched a new round of fuel price increases.
00:14Gasoline and diesel prices have increased by about 10 percent since the start of March,
00:19with CPC absorbing up to 75 percent of the increase, over 100 million U.S. dollars.
00:25People say they are not feeling much of an impact yet.
00:30Motorč»ēµ are good, because motorč»'så ę²¹é is not big, so I'm not feeling much of an impact.
00:35I think it's more than 1.5 percent, we've been growing up twice.
00:38We've got a lot of people in Japan and Korea, and we've got a lot of people in Japan, and
00:41we've got a lot of people in Japan.
00:42We've got a lot of people in Japan, but I think it's still good.
00:46We've got a lot of people in Japan, but it's okay.
00:48Iran has blocked the Trail of Hormuz, a key waterway from much of the world's oil and natural gas.
00:54Markets in Asia are down as fierce mountain over inflation interest rate hikes.
00:58Taiwan's Benchmark Stock Index, TAI-X, plummeted during early trade in Monday.
01:17Taiwan heavily relies on imported energy, with around 70 percent of its oil and 30 percent of its gas coming
01:24from the Middle East.
01:25Industries here, like tech, are also vulnerable to energy shortages.
01:30The government says it's monitoring the situation while providing CPC financial support through its price stabilization policy.
01:38But while the country strives to keep the economy stable, questions are still being raised about the strategy's long-term
01:44viability.
01:44Joseph Buu, an IT in Taipei for Taiwan Plus.
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