Petrol Price RON95 17-23 August 2017
Latest RON95 Petrol Price
|27 July-2 August||2.005||RM2.03|
Find out the weekly petrol price prediction by following us. We'll calculate for you and update our petrol price data a few times a week so you can save your time and your money.
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). From 29th of March onwards, pertol price in Malaysia will be announced every Wednesday, which taking effect on every Thursday.
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|
|1 August, 2017||64.74||4.283|
|2 August, 2017||64.91||4.2825|
|3 August, 2017||64.75||4.279|
|4 August, 2017||65.63||4.2785|
|7 August, 2017||65.72||4.2835|
|8 August, 2017||65.35||4.2855|
|9 August, 2017||65.53||4.2885|
|10 August, 2017||65.04||4.2915|
|11 August, 2017||65.36||4.295|
|14 August, 2017||64.27||4.294|
|15 August, 2017||64.60||4.2965|