Formosa Petro kept fuel prices steady: Citi set TWD 108.00 target for Formosa Petro stock

Published on 10/08/2026 at 11:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached TWD 182.98 billion, up 12.96 percent sequentially. Six analysts set a TWD 100.67 average target for Formosa Petro stock.

Formosa Petro, TW0006505001, Illustration mit AI erstellt.

Formosa Petro had kept domestic fuel prices unchanged on October 5, 2026, according to Taipei Times. On September 28, 2026, Citi had set a TWD 108.00 target for Formosa Petro stock, as listed by Investing.com.

Fuel prices stay unchanged

The Taipei Times reported that Formosa Petrochemical's website indicated unchanged domestic fuel prices on October 5, 2026. Retail gasoline prices were TWD 31.20 per liter for 92-octane fuel, TWD 32.70 for 95-octane fuel and TWD 34.70 for 98-octane fuel at CPC and Formosa stations.

The same report put premium diesel at TWD 29.90 per liter at CPC stations and TWD 29.70 at Formosa pumps. For the refiner, stable retail prices provide a clear operating reference while crude costs remain a key margin factor.

Revenue rises sequentially

In the second quarter of 2026, revenue reached TWD 182.98 billion and net income came to TWD 20.78 billion, according to Investing.com. Revenue was up 12.96 percent from TWD 161.99 billion in the first quarter, while net income rose 1.81 percent from TWD 20.41 billion.

The comparison matters because the revenue increase was much larger than the net income gain. That spread points to a quarter in which sales expanded faster than earnings, leaving margins and product pricing central to the stock case.

Analyst target trails the quote

Investing.com listed six analysts with an average 12-month target of TWD 100.67, including Citi's TWD 108.00 target dated September 28, 2026. The average target was 8.90 percent below the TWD 110.50 market quote, while the published 52-week range was TWD 40.05 to TWD 114.00.

Formosa Petrochemical operates refining, petrochemical and utility businesses, making fuel pricing only one part of its earnings picture. The second-quarter figures show stronger revenue, but the smaller net income increase gives investors a concrete counterweight to the sales growth.

TWD 110.50 on Taiwan trading

Formosa Petro stock was last at TWD 110.50 on Taiwan Stock Exchange on October 8, 2026 at 1:30 p.m. CST, versus a prior close of TWD 107.00. The company had a market capitalization of TWD 1,052.6 billion as of October 8, 2026.