May 2018

The fixed pricing of RM2.20/litre continues in the month of May. This pricing is way below the expected price.

As our general election will be on 9 May 2018 (which coincides with the date when petrol price are announced), it would be very interesting to see what is the actual pricing of RON95.

P.S. Pump petrol within these few days just to be safe 😜

Price With Effective From	Expected Price (RM/litre)	Expected Price Range (RM/litre)	Actual Price (RM/litre)
3 May 2018	2.34	2.35 – 2.40	2.20
10 May 2018	2.38	2.39 – 2.44	?
17 May 2018	?	?	?
24 May 2018	?	?	?
31 May 2018	?	?	?

Week Ending	Price With Effective From	Average Mogas 95 Price (USD/Barrel)	Average MYR/USD
1 May 2018	3 May 2018	81.826	3.9233
8 May 2018	10 May 2018	83.249	3.9410
15 May 2018	17 May 2018	?	?
22 May 2018	24 May 2018	?	?
29 May 2018	31 May 2018	?	?

Source 1 : Singapore Mogas 95 Unleaded (Platts) Futures Quotes
Source 2 : Bank Negara Malaysia Exchange Rate

Related News / Articles

1. RON 95 - Calculate the price yourself! - article on the formula to calculate the expected RON95 price
2. HOW DOES THE GOMEN DECIDE PETROL PRICES IN MALAYSIA? WE TRIED TO CALCULATE ON OUR OWN - another article on the explanation of the formula to calculate the expected RON95 price
3. Malaysian Estimated Weekly RON95/Diesel Price - similar prediction of RON95 price in Lowyat forum
4. Fuel prices unchanged from May 3 to May 9 - announcement of petrol price

Last updated: 7 May 2018, 11.25 a.m.

April 2018

Hello everyone, sorry for no updating my blog for the past consecutive weeks! Caught up with tons of work and finally today I have the time to go and update all the pricing in retrospect.

The price of RON95 in April 2018 had been very unique, in the sense that the actual pricing doesn't change throughout the month. Let's look at the expected pricing below (in retrospect).

Price With Effective From	Expected Price  (RM/litre)	Expected Price Range (RM/litre)	Actual Price (RM/litre)
5 April 2018	2.21	2.22 – 2.27	2.20
12 April 2018	2.25	2.26 – 2.31	2.20
19 April 2018	2.29	2.30 – 2.35	2.20
26 April 2018	2.31	2.32 – 2.37	2.20

Week Ending	Price With Effective From	Average Mogas 95 Price (USD/Barrel)	Average MYR/USD
3 April 2018	5 April 2018	77.695	3.8716
10 April 2018	12 April 2018	79.428	3.8726
17 April 2018	19 April 2018	80.824	3.8854
24 April 2018	26 April 2018	81.269	3.9033

Source 1 : Singapore Mogas 95 Unleaded (Platts) Futures Quotes
Source 2 : Bank Negara Malaysia Exchange Rate

As you can see, the average Mogas 95 price as well as the average MYR/USD had been increasing throughout the month. However, the pricing of RON95 remains fixed at RM2.20/litre. This is a very unusual trend since the implementation of the managed float system.

Could this be related to the upcoming general election? Note that the Parliment was dissolved on 7 April 2018. Since this date, the pricing has not been in line with the expected pricing.

According to a newspaper articles extracted from Paul Tan's website, it is stated that "despite global crude oil prices being on an upward trend lately, the Malaysian caretaker government is delaying revising fuel prices in the country, Berita Harian reports" and it is to "benefit the rakyat". It is noted that the Berita Harian's page for this news is currently unavailable but a google cache version of the page is available.

This is kinda weird as there was a news by Malaysiakini dated 22 August 2017 which has the title of "I have no power over fuel prices, says Najib".

Well in any case it is not up to me to give any comments. What is obvious now is that the current petrol price is way cheaper than what it should be. Therefore, pump as much as you can before it reverts to the normal pricing level.

Related News / Articles

1. RON 95 - Calculate the price yourself! - article on the formula to calculate the expected RON95 price
2. HOW DOES THE GOMEN DECIDE PETROL PRICES IN MALAYSIA? WE TRIED TO CALCULATE ON OUR OWN - another article on the explanation of the formula to calculate the expected RON95 price
3. Malaysian Estimated Weekly RON95/Diesel Price - similar prediction of RON95 price in Lowyat forum
4. Fuel prices unchanged from April 26 to May 2 (25 April 2018) - announcement of petrol price
5. Fuel prices remain unchanged (18 April 2018) - announcement of petrol price
6. Fuel prices remain unchanged (11 April 2018) - announcement of petrol price
7. Fuel prices unchanged from April 5 to April 11 (4 April 2018) - announcement of petrol price

Last updated: 7 May 2018, 11.10 a.m.

March 2018

The pricing of RON95 at the end of March concludes at RM2.20/litre, which is somewhere around the expected price.

Price With Effective From	Expected Price (RM/litre)	Expected Price Range (RM/litre)	Actual Price (RM/litre)
1 March 2018	2.21	2.22 – 2.27	2.20
8 March 2018	2.20	2.21 – 2.26	2.21
15 March 2018	2.17	2.18 – 2.23	2.18
22 March 2018	2.19	2.20 – 2.25	2.20
29 March 2018	2.21	2.22 – 2.27	2.20

Week Ending	Price With Effective From	Average Mogas 95 Price (USD/Barrel)	Average MYR/USD
27 February 2018	1 March 2018	76.945	3.9157
6 March 2018	8 March 2018	76.163	3.9191
13 March 2018	15 March 2018	75.036	3.9128
20 March 2018	22 March 2018	76.017	3.9182
27 March 2018	29 March 2018	77.036	3.9162

Source 1 : Singapore Mogas 95 Unleaded (Platts) Futures Quotes
Source 2 : Bank Negara Malaysia Exchange Rate

Related News / Articles

1. RON 95 - Calculate the price yourself! - article on the formula to calculate the expected RON95 price
2. HOW DOES THE GOMEN DECIDE PETROL PRICES IN MALAYSIA? WE TRIED TO CALCULATE ON OUR OWN - another article on the explanation of the formula to calculate the expected RON95 price
3. Malaysian Estimated Weekly RON95/Diesel Price - similar prediction of RON95 price in Lowyat forum
4. Fuel prices unchanged for week to come (28 March 2018) - announcement of petrol price
   
5. Fuel prices up by 2 sen (21 March 2018) - announcement of petrol price
6. Fuel prices down for third week of March (14 March 2018) - announcement of petrol price
7. RON95 price up, diesel down for second week of March (7 March 2018) - announcement of petrol price 
8. Petrol prices up for first week of March (28 February 2018) - announcement of petrol price
   

Last updated: 27 April 2018, 11.45 a.m.

February 2018

Happy Chinese New Year! It seems like we have a good news for Chinese New Year week! The announced price is lower than the normal expected price range. As such, we can pump more petrol this week.

Price With Effective From	Expected Price (RM/litre)	Expected Price Range (RM/litre)	Actual Price (RM/litre)
1 February 2018	2.25	2.26 – 2.31	2.31
8 February 2018	2.29	2.30 – 2.35	2.33
15 February 2018	2.21	2.22 – 2.27	2.23
22 February 2018	2.20	2.21 – 2.26	2.17

Week Ending	Price With Effective From	Average Mogas 95 Price (USD/Barrel)	Average MYR/USD
30 January 2018	1 February 2018	78.748	3.9018
6 February 2018	8 February 2018	80.135	3.9068
13 February 2018	15 February 2018	76.398	3.9342
20 February 2018	22 February 2018	76.480	3.9123

Source 1 : Singapore Mogas 95 Unleaded (Platts) Futures Quotes
Source 2 : Bank Negara Malaysia Exchange Rate

Related News / Articles

1. RON 95 - Calculate the price yourself! - article on the formula to calculate the expected RON95 price
2. HOW DOES THE GOMEN DECIDE PETROL PRICES IN MALAYSIA? WE TRIED TO CALCULATE ON OUR OWN - another article on the explanation of the formula to calculate the expected RON95 price
3. Malaysian Estimated Weekly RON95/Diesel Price - similar prediction of RON95 price in Lowyat forum
4. Fuel prices drop for last week of February - announcement of petrol price (21 February 2018)
5. Fuel prices down across the board - announcement of petrol price (14 February 2018)
6. Petrol prices up for week beginning Feb 8 - announcement of petrol price (7 February 2018)
7. Fuel prices up for week of Feb 1 - announcement of petrol price (31 January 2018)

Last updated: 22 February 2018, 7.35 a.m.

January 2018

The announced RON95 price is at RM2.29/litre. Well at least there are some drop in the pricing. Better than nothing 😀

Price With Effective From	Expected Price (RM/litre)	Expected Price Range (RM/litre)	Actual Price (RM/litre)
4 January 2018	2.26	2.27 – 2.32	2.29
11 January 2018	2.27	2.28 – 2.33	2.26
18 January 2018	2.28	2.29 – 2.34	2.30
25 January 2018	2.26	2.27 – 2.32	2.29

Week Ending	Price With Effective From	Average Mogas 95 Price (USD/Barrel)	Average MYR/USD
2 January 2018	4 January 2018	75.775	4.0758
9 January 2018	11 January 2018	77.287	4.0145
16 January 2018	18 January 2018	78.250	3.9912
23 January 2018	25 January 2018	78.368	3.9506

Source 1 : Singapore Mogas 95 Unleaded (Platts) Futures Quotes
Source 2 : Bank Negara Malaysia Exchange Rate

Related News / Articles

1. RON 95 - Calculate the price yourself! - article on the formula to calculate the expected RON95 price
2. HOW DOES THE GOMEN DECIDE PETROL PRICES IN MALAYSIA? WE TRIED TO CALCULATE ON OUR OWN - another article on the explanation of the formula to calculate the expected RON95 price
3. Malaysian Estimated Weekly RON95/Diesel Price - similar prediction of RON95 price in Lowyat forum
4. Fuel prices down across the board for Jan 25 week (24 January 2018) - announcement of petrol price
5. Petrol prices up 4 sen, diesel unchanged (17 January 2018) - announcement of petrol price
   
6. Petrol prices down, no change for diesel (10 January 2018) - announcement of petrol price
7. Fuel prices up for week of Jan 4 (3 January 2018) - announcement of petrol price

Last updated: 31 January 2018, 8.05 a.m.