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Taipei report:
Costco opens gas stations and challenges the lowest price

Figure: Taiwan's major gas station operators ● American-style mass-trading chain Costco (Costco), will open gas stations in Taiwan. It is expected that the domestic gas market will set off a new wave of price war.
American mass-trading chain Costco will open a gas station in Taiwan! The first stronghold was selected at Zhongli Costco. Wang Youmei, deputy general manager of Costco, confirmed yesterday (22nd) that it has passed the review of relevant competent authorities a few days ago and the gas station has started construction. It is expected that the Costco gas station in Zhongli store will be officially operated in the first season next year. In addition to self-service production, the oil price is expected to be the best in Taiwan.
Wang Youmei pointed out that the products sold in Costco stores are originally typing up to give members the best price and best service. Setting up gas stations in Taiwan will also adhere to the same principles. As for the calculation method of oil prices that consumers are most concerned about, whether it will float weekly for gas stations such as CNPC and Formosa Plastics Systems, Wang Youmei confirmed that it is determined that it is a "floating" pricing method, but the calculation details and the source of the oil products are not convenient to disclose at present.
It is understood that Costco sells oil in the United States and other places, and the oil prices are much cheaper than competitors. The oil prices at gas stations in Taiwan will not only be cheaper than those of Formosa Plastics and CNPC, but are even more competitive than the joint card discounts jointly developed by gas stations and banks. It is expected that the domestic gas stations will set off a new wave of price wars.
There have been Costco gas stations in some stores in the United States and Japan, and Taiwan will be the second Asian market to enter. Since Costco adopts a membership system and customers almost drive to consume by themselves, Wang Youmei said that setting up gas stations is an extension of membership services, and the service concept of Costco gas stations in Taiwan will also be used. Therefore, gas stations will be connected to the store and self-service refueling.
Since the opening of Costco's Beitou store, Costco has a total of 12 stores in Taiwan. Except for Zhongli, are there any plans to open gas stations in the other 11 stores? Wang Youmei said that she is still under evaluation.
Costco has 25 stores in Japan. Gas stations have been opened in recent days. It is expected that more stores will join the ranks of refueling services in the future. As for mainland China, South Korea, etc., there are currently no strongholds for gas stations.
According to Taiwan's "Central News Agency" report:
Costco's first gas station in Taiwan's innovative operation

American business Costco's first gas station combined with mass sales store opened today. Zhu Songwei, director of the Economic Development Bureau of Taoyuan Municipal Government, affirmed the introduction of innovative business operations models, which will help the upgrading and development of domestic logistics and mass sales industries.
Costco gas station opened in the morning, and Costco's senior vice president Zhang Sihan, Taiwan general manager Xi Luyi, Taoyuan Municipal Government Economic Development Bureau Director Zhu Songwei and others cut the ribbon together.
Zhu Songwei said that Costco is optimistic about the development of Taoyuan city and spent NT$270 million to select Taoyuan City to set up the first member-only gas station in Taiwan, bringing about the improvement of surrounding living functions and a more convenient shopping environment for consumers; the innovative business operation model will drive the overall employment opportunities in South Taoyuan and help the upgrading and development of domestic logistics and mass sales industries. This is welcome and affirmed.
Zhu Songwei said that the Taoyuan Municipal Government actively provides administrative process assistance through the single service window of the Investment Service Center. It took 4 years to hold multiple cross-bureaucratic coordination meetings from the initial land search to the investment plan after the selected location to assist in related procedures including environmental impact assessment, traffic impact assessment, construction of licenses, and utilization of licenses to build Taoyuan into the internationally preferred friendly investment city.
The gas station affiliated to the mass-sale store opened in Zhongli by Costco is the first standard American operating model in Taiwan. It covers an area of 2,400 square meters, contains 7 6-gun refueling machines, 1 double-gun refueling machine, 8 gas pump islands, and has 69 parking spaces. It is a fully self-service refueling island.
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