Petrol Price RON95 June 2017

Latest RON95 Petrol Price 

Month Prediction Actual Price
11-17 May 2.014 RM2.01
18-24 May 2.046 RM2.08
25-31 May 2.115 RM2.12
1-7 June 2.088 ???


Prediction Petrol Price for Diesel

Prediction Petrol Price for RON97

Latest prediction of the new RON95 petrol price next week. We update our inout data a few times a week to increase the accuracy, so come back from time to time to check the latest estimate. From 29th of March onwards, pertol price in Malaysia will be announced every Wednesday, which taking effect on every Thursday. 

Malaysia government has scrapped the fuel subsidy system since 2014, and petrol price will now be following the international fuel price (but not entirely depending on it). In March 2017, government decided to announce the petrol price on a weekly basis instead of month. 

Although the Crude Oil Price is available freely on real time basis, we can only guess the petrol price for next month as government has never announce the actual formula used to calculate the RON95 price. Also, crude oil price is just one of the components that affect the pump price. However, they do offer some insights on how they derive the pump price that we pay here.

Now that government decided to announce the new petrol price every week, my work to predict the petrol price has just increase by 4 times! However, I will follow suit and try my best to predict the latest weekly petrol price for you. On top of that you can check my prediction for RON95, RON97 and Diesel every week on the respective links, and I will update this page at least few times a week to bring you the latest prediction. My prediction is based  on a computerised formula, which include the daily closing MOTAS 95 and BNM USD/ Ringgit price, so do come back from time to time to check the latest prediction.

The forecast petrol price is not 100% correct but shall have less than 3 sen deviation in average based on my analysis. The petrol price is subjected to the sudden change of Government subsidy and new system implemented. The calculation is include short term and medium term of refined oil and Ringgit versus USD. Hopefully this estimation is helpful to you.

Table below show the daily value of Singapore Mogas 95 unleaded Platts (average of spot, second and third month in USD) and ringgit conversion data (from BNM,  closing time 5pm) for last few weeks. If you want to learn more about the formula that I use, visit here to check the fuel price formula.

DATE MOTAS 95, USD USD / RM
21 April, 2017 66.43 4.398
24 April, 2017 66.01 4.398
25 April, 2017 66.16 4.3695
26 April, 2017 65.43 4.3495
27 April, 2017 64.31 4.3475
28 April, 2017 62.64 4.34
1 May, 2017 61.39 4.34
2 May, 2017 61.47 4.327
3 May, 2017 61.91 4.319
4 May, 2017 59.90 4.3305
5 May, 2017 60.70 4.3365
8 May, 2017 61.22 4.3355
9 May, 2017 60.59 4.3435
10 May, 2017 62.36 4.3435
11 May, 2017 63.12 4.3445
12 May, 2017 63.07 4.344
15 May, 2017 63.64 4.3305
16 May, 2017 63.74 4.3185
17 May, 2017 64.05 4.323
18 May, 2017 64.06 4.3275
19 May, 2017 65.56 4.3215
22 May, 2017 65.69 4.3105
23 May, 2017 65.54 4.2955
24 May, 2017 65.30 4.293
25 May, 2017 63.71 4.277


Latest Ron97 petrol price

Formula on Calculation
 

Latest Diesel price

Harga Minyak Ron95

 

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