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Taiwan’s CPC Corporation says gas and diesel prices will remain unchanged for a third straight week, even as the ongoing US-Iran conflict drives volatility in global oil markets. The state-run company says it has absorbed about US$360 million in costs since late February to stabilize domestic fuel prices.

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00:00Taiwan's CPC Corporation says gas and diesel prices will remain unchanged next week, despite pressure from the ongoing U.S.
00:07war on Iran.
00:09This March, the third consecutive week that the state-run company has maintained its domestic fuel prices at the same
00:16level.
00:16Global oil prices have continued to fluctuate since the start of the conflict in late February.
00:22CPC Corporation says it has absorbed around $360 million in costs since that time.
00:28The U.S. and Iran agreed to reopen the Strait of Hormuz in early April following a temporary ceasefire, but
00:35Iran has closed the passage once again.
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