May 2017

The petrol price with effective 25 May 2017 was announced not long ago. This round it is at the higher limit of the expected price (RM2.12/litre). Similar case happened for the price of RON95 from 20 April 2017 to 26 April 2017 (the expected price is at RM2.23 to RM2.28 and the actual price is at RM2.27).

Hopefully, the price for next week will revert back to the lower limit. We shall see. ;)

Price With Effective	Expected Price (RM/litre)	Actual Price (RM/litre)
4 May 2017	2.11 - 2.16	2.11
11 May 2017	2.00 - 2.05	2.01
18 May 2017	2.06 - 2.11	2.08
25 May 2017	2.08 - 2.13	2.12

Week Ending	Price With Effective	Average Mogas 95 Price (USD/Barrel)	Average MYR/USD
2 May 2017	4 May 2017	65.358	4.3440
9 May 2017	11 May 2017	61.541	4.3296
16 May 2017	18 May 2017	63.551	4.3374
23 May 2017	25 May 2017	64.633	4.3158

Source 1: Singapore Mogas 95 Unleaded (Platts) Futures Quotes

Source 2: Bank Negara Malaysia Exchange Rate

Note : 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 4 May 2017 is calculated based on the average price from 26 April 2017 to 2 May 2017.

Related News / Articles :

1. RON 95 - Calculate the price yourself! - http://taizeekin.com/ron-95-calculate-the-price-yourself/ (Formula to calculate the expected RON95 price)
2. HOW DOES THE GOMEN DECIDE PETROL PRICES IN MALAYSIA? WE TRIED TO CALCULATE ON OUR OWN - https://cilisos.my/how-does-the-gomen-decide-petrol-prices-in-malaysia-we-tried-to-calculate-on-our-own/
3. Fuel prices up by four sen (24 May 2017) - http://www.thestar.com.my/news/nation/2017/05/24/fuel-prices-up-by-four-sen/
4. Petrol prices go up, snapping three-week decline (17 May 2017) - http://www.thestar.com.my/news/nation/2017/05/17/fuel-prices-up-snapping-three-week-decline/
5. Outrage after Shell charges RM4.09 per litre for RON95 - http://www.freemalaysiatoday.com/category/nation/2017/05/18/outrage-after-shell-charges-rm4-09-per-litre-for-ron95/ (P.S. That would be almost double the price! If you were charged for such price, remember to ask for refund as it is a technical glitch.)

Last updated: 24 May 2017, 7.25 p.m.