Diesel Price August 2017
Diesel Price up, or down? Check out my estimation of petrol and diesel price for August 2017 with our most comprehensive analysis data.
|27 July-2 August||1.996||RM1.99|
|24-30 August||2.020||Fix on 23 August|
Since 2014, the price of Diesel will be floating according to the international crude oil price on monthly basis. Government will only announce next month’s diesel price at the last day of the month. However, starting April 2017, government will make the announcement on every week, instead of month. That means we will have a new petrol price every week. The announcement will be made on Wednesday and takes effect on Thursday.
If you can predict the changes of diesel price, you may be able to save some money for a few Teh Tarik every week. I'm trying to help you to score that extra Teh Tarik here. Every week, I will make my prediction of the diesel price based on a secret formula that I developed specially for this purpose.
The calculation involved analysis of long and short term trend of RM vs USD and refined oil price.
Also, depending on the latest development, I may change and update our prediction from time to time. Usually (and logically speaking), the closer it is to the date of annoucement (ie Wednesday), the more accurate it will be.
Table below show the Refined oil price (from Singapore Gasoil Platts, average spot, second and third month ) and ringgit conversion data (from Bank Negara Malaysia, 5pm closing time) for this month. The details calculation is on fuel price formula.
|DATE||GASOIL, USD||USD / RM|
|1 August, 2017||64.04||4.283|
|2 August, 2017||64.70||4.2825|
|3 August, 2017||64.79||4.279|
|4 August, 2017||64.27||4.2785|
|7 August, 2017||63.09||4.2835|
|8 August, 2017||63.96||4.2855|
|9 August, 2017||63.82||4.2885|
|10 August, 2017||64.29||4.2915|
|11 August, 2017||63.94||4.295|
|14 August, 2017||64.07||4.294|
|15 August, 2017||62.77||4.2965|
|16 August, 2017||62.65||4.297|
|17 August, 2017||62.10||4.2935|
|18 August, 2017||62.73||4.2885|