00:00As the strip from Moose remains closed to most shipping, global energy prices continue
00:05to rise.
00:06Taiwan is set to raise fuel prices again, marking the third hike this month.
00:11Starting Monday, the state-owned CPC Corporation well-raised gasoline and diesel prices by
00:17more than 16 percent on average, while still absorbing 75 percent of the increase — over
00:23200 million U.S. dollars — under the government's price stabilization policy.
00:28Drivers have been lining up to fill their tank ahead of the price hike.
00:32My car is a small car, it's a spare fuel.
00:34But at the cost of the fuel price every week, it's about 20 percent compared to each week.
00:42There are a lot, but it's not good for me, because Taiwan is not able to handle it.
00:49Fuel costs are also rising for airlines.
00:52Hong Kong's Cathay Pacific has raised surcharges twice in March, by over 100 percent.
00:57Local airlines will adjust surcharges in April, and travel agencies have been notified.
01:03Experts say price hikes on long-haul flights are more noticeable, which could affect tourism.
01:31Economists also warn of inflation pressure if the war over Iran continues to drag on.
01:51The government has also frozen electricity prices even as LNG costs surge.
01:57And thoughts of resorting nuclear power are gaining momentum as the current crisis raises fears for long-term energy security.
02:04Isen Chen and IT for Taiwan Plus.
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