Expected
Price (RM/litre)
|
Actual
Price (RM/litre)
|
|
1 June 2017
|
2.07 – 2.12
|
2.10
|
8 June 2017
|
2.03 – 2.08
|
2.05
|
15 June
2017
|
1.97 - 2.02
|
1.98
|
22 June
2017
|
1.93 - 1.98
|
1.91
|
29 June
2017
|
1.92 - 1.97
|
1.89
|
Week
Ending
|
Price
With Effective
|
Average
Mogas 95 Price (USD/Barrel)
|
Average MYR/USD
|
30 May 2017
|
1 June 2017
|
64.563
|
4.2819
|
6 June 2017
|
8 June 2017
|
63.278
|
4.2742
|
13 June 2017
|
15 June 2017
|
61.214
|
4.2655
|
20 June 2017
|
22 June 2017
|
59.785
|
4.2692
|
27 June 2017
|
29 June 2017
|
59.517
|
4.2877
|
Source 2: Bank Negara Malaysia Exchange Rate
Note 1 : The expected RON95 price is calculated based on the average Mogas 95 price and average MYR/USD exchange rate from a Wednesday to the Tuesday next week. For example, the RON95 price with effective from 1 June 2017 is calculated based on the average price from 24 May 2017 to 30 May 2017.
Note 2 : Our Domestic Trade, Cooperatives and Consumerism Minister had announced the intention to have a new formula to fix fuel prices in order to ensure stability in the domestic oil industry. This is very likely due to the sustained losses faced by the petrol station operators due to the downward trend of the oil price. Currently, the new formula was still being studied. As such, the impact towards the estimated calculation of RON95 price is still unclear. You can read more via the link below (The Star's news dated 16 June 2017 and 20 June 2017).
Related News / Articles :
Note 1 : The expected RON95 price is calculated based on the average Mogas 95 price and average MYR/USD exchange rate from a Wednesday to the Tuesday next week. For example, the RON95 price with effective from 1 June 2017 is calculated based on the average price from 24 May 2017 to 30 May 2017.
Note 2 : Our Domestic Trade, Cooperatives and Consumerism Minister had announced the intention to have a new formula to fix fuel prices in order to ensure stability in the domestic oil industry. This is very likely due to the sustained losses faced by the petrol station operators due to the downward trend of the oil price. Currently, the new formula was still being studied. As such, the impact towards the estimated calculation of RON95 price is still unclear. You can read more via the link below (The Star's news dated 16 June 2017 and 20 June 2017).
- RON 95 - Calculate the price yourself! - article on the formula to calculate the expected RON95 price
- 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
- Malaysian Estimated Weekly RON95/Diesel Price - similar prediction of RON95 price in Lowyat forum
- Petrol prices down by 2 sen, diesel by 4 sen (28 June 2017) - Announcement of petrol price
- Petrol prices down, diesel unchanged (21 June 2017) - Announcement of petrol price
- Hamzah: Weekly fuel price announcements to remain (20 June 2017) - Clarification on the proposed new formula to calculate petrol price which is still being studied
- New formula for fuel prices next week (16 June 2017) - Announcement of possible new formula in calculating petrol price
- Fuel prices down for third week in a row (14 June 2017) - Announcement of petrol price
- Fuel prices down for second week of June (7 June 2017) - Announcement of petrol price
- Oil price wobble amid Qatar diplomatic rift (5 June 2017) - News involving Qatar and impact on world oil price
- Oil prices move lower after Middle East countries cut ties with Qatar (5 June 2017) - News involving Qatar and impact on world oil price
- Fuel prices lower for first week of June (31 May 2017) - Announcement of petrol price
