Taiwan’s energy prices are on the rise as global markets react to the conflict in the Middle East. The shift is putting significant pressure on power companies, industrial users, and now, international travelers.
Several Taiwanese airlines are set to hike fuel surcharges next week. Short-haul routes will increase from around US$17 to US$45, while long-haul rates will jump from US$45 to US$117.
Meanwhile, state-run energy supplier CPC Corp. says industrial gas prices will rise 5% in April and power companies will face a much steeper increase of more than 40%. CPC says residential gas prices will remain unchanged in April as the company absorbs the cost.
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Reporter: Lily LaMattina
Videographer: Alison Nguyen
Social Reporter: Chloe Wang
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