Petrol Price RON95 February 2017

 

Month

Prediction

Actual Price

Sept 2016

1.720

RM 1.70

Oct 2016

1.764

RM 1.80

Nov 2016

1.883

RM 1.95

Dec 2016

1.927

RM 1.90

Jan 2017

2.068

RM 2.10

Feb 2017

2.263

???

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). Government will announce the petrol price on the last day of the 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.

I'm trying to help here by making my own prediction of RON95, RON97 and Diesel every month, and I will update this page towards the end of the month.  I will update my prediction based using our computerised formula, 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 very complicated which include short term, medium term, long term of Crude Oil price and Ringgit versus USD. Hopefully this estimation is helpful to you.

Table below show the Crude oil price and ringgit conversion data for this month. The details calculation is on fuel price formula.

DATE Crude Oil, USD USD/ RM
30 Dec 2016 54.06 4.486
2 Jan 2017 54.06 4.486
3 Jan 2017 52.73 4.4925
4 Jan 2017 53.61 4.4985
5 Jan 2017 54.06 4.485
6 Jan 2017 54.33 4.4755
9 Jan 2017 52.37 4.4765
10 Jan 2017 51.21 4.4745
11 Jan 2017 52.61 4.4705
12 Jan 2017 53.44 4.4615
13 Jan 2017 52.75 4.4625
16 Jan 2017    
17 Jan 2017    
18 Jan 2017    
19 Jan 2017    
20 Jan 2017    
23 Jan 2017    
24 Jan 2017    
25 Jan 2017    
26 Jan 2017    
27 Jan 2017    
30 Jan 2017    

 

Formula on Calculation

Latest Ron97 petrol price

Latest Diesel price

Harga Minyak Ron95

 

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