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  • 2 days ago
Taiwan’s Cabinet has raised monthly fuel subsidies for taxi drivers to a maximum of around US$475 to help cushion the economic shock of the ongoing war in Iran. Premier Cho Jung-tai announced the expanded support measures on Monday. He said that despite rising oil prices, Taiwan maintains lower fuel costs than its neighbors and has ample reserves of oil and natural gas.

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00:00Taiwan's taxi drivers can now receive up to around $475 a month in government fuel subsidies to help deal with
00:07rising oil prices.
00:09Subsidies are calculated per liter with a new rate and increase in the monthly maximum payout, previously set at around
00:15$190.
00:17Taiwan's cabinet first introduced the support measures in May.
00:20In the new subsidy announcement on Monday, Premier General Tai spoke about Taiwan's energy security and made the ongoing war
00:26in Iran.
00:26He said that Taiwan has lower fuel prices than neighboring countries and ample reserves of oil and natural gas.
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