July 2017

With the announcement of the petrol price, it seems like the price of RON95 has back to the higher limit level. Perhaps I should revert back to the old method of prediction in the next month.

Price With Effective	Expected Price (RM/litre)	Expected Price Range (RM/litre)	Actual Price (RM/litre)
6 July 2017	1.94	1.89 – 1.99	1.93
13 July 2017	1.94	1.89 – 1.99	1.97
20 July 2017	1.96	1.91 – 2.01	1.97
27 July 2017	1.97	1.92 – 2.02	2.03

Week Ending	Price With Effective From	Average Mogas 95 Price (USD /Barrel)	Average MYR/USD
4 July 2017	6 July 2017	60.128	4.2967
11 July 2017	13 July 2017	60.097	4.2980
18 July 2017	20 July 2017	60.726	4.2918
25 July 2017	27 July 2017	61.459	4.2861

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 6 July 2017 is calculated based on the average price from 28 June 2017 to 4 July 2017.

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 up for last week of July (26 July 2017) - Announcement of petrol price
5. No changes to fuel prices this week (19 July 2017) - Announcement of petrol price
6. Fuel prices up for third week of July (12 July 2017) - Announcement of petrol price
7. Fuel prices up this week (5 July 2017) - Announcement of petrol price
8. 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 
9. New formula for fuel prices next week (16 June 2017) - Announcement of possible new formula in calculating petrol price

Last updated: 2 August 2017, 8.25 a.m.