Petrol Price RON95 April 2017

Latest RON95 Petrol Price 

Month Prediction Actual Price
6-12 Apr 2.126 RM2.16
13 - 19 April 2.209 RM2.24
20 - 26 April 2.287 RM2.27
27 April-3 Mei 2.283 ???

From 29th of March onwards, pertol price in Malaysia will be announced every Wednesday, which taking effect on every Thursday. 

Prediction Petrol Price for Diesel

Prediction Petrol Price for RON97

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
13 March, 2017 63.36 4.4465
14 March, 2017 63.02 4.448
15 March, 2017 63.29 4.4485
16 March, 2017 63.53 4.438
17 March, 2017 63.53 4.444
20 March, 2017 63.59 4.4255
21 March, 2017 63.34 4.4285
22 March, 2017 63.38 4.4255
23 March, 2017 63.05 4.4265
24 March, 2017 63.33 4.4255
27 March, 2017 63.44 4.408
28 March, 2017 64.10 4.417
29 March, 2017 65.31 4.4185
30 March, 2017 65.87 4.42
31 March, 2017 66.46 4.423
3 April, 2017 66.60 4.4275
4 April, 2017 67.67 4.4305
5 April, 2017 67.55 4.43
6 April, 2017 68.11 4.436
7 April, 2017 68.60 4.4355
10 April, 2017 69.14 4.4365
11 April, 2017 69.20 4.4325
12 April, 2017 69.09 4.43
13 April, 2017 69.15 4.417
14 April, 2017 69.15 4.4065
17 April, 2017 68.70 4.403
18 April, 2017 68.73 4.4105
19 April, 2017 66.90 4.3985
20 April, 2017 67.35 4.4


Formula on Calculation
 

Latest Ron97 petrol price

Latest Diesel price

Harga Minyak Ron95

 

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