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Taiwan is facing rising energy costs as global markets react to conflict in the Middle East, putting pressure on power companies, industrial users, and airlines. Plane tickets are set to jump amid rising fuel surcharges.
Transcript
00:03Taiwan is starting to feel the impact after one month into the Middle East war.
00:08Officials say fuel surcharges for airlines will rise starting next week,
00:12pushing up international flight prices.
00:29For short haul routes, the fuel surcharge will increase from around 17 to 45 U.S. dollars.
00:35For long haul routes, the increase is even more dramatic,
00:39rising from around 45 to 117 U.S. dollars, more than doubling.
00:44And on Tuesday, state-run energy supplier CPC announced
00:48gas prices for industrial users will rise 5 percent in April.
00:53For power companies, the increase is far higher, more than 40 percent.
00:59The price hikes reflect rising import costs for liquefied natural gas, or LNG,
01:04which Taiwan relies on for power.
01:06Stakeholders say the shock could spread across industries,
01:10as energy feeds into everything from manufacturing to transport.
01:15For now, households are being shielded.
01:27CPC says residential gas prices will stay unchanged in April,
01:31as it absorbs some of the costs.
01:33Officials say they are working with suppliers to keep key goods stable.
01:38But with imported inflation building,
01:40Taiwan's central bank says tighter policy measures could follow.
01:43That leaves a key question.
01:45How long can Taiwan shield its customers from rising global energy costs?
01:49Yuan Duan and Lily Lamantino for Taiwan Plus.
01:52And if you brought
01:52Arts ofack
01:52And if you are filled with your chalet comfort,
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