Latest RON97 Fuel Price February 2017

Month

Estimation

Actual Price

Aug 2016

2.051

RM 2.05

Sept 2016

2.113

RM 2.15

Oct 2016

2.257

RM 2.30

Nov 2016

2.250

RM 2.25

Dec 2016

2.424

RM 2.40

Jan 2017

2.576

not yet

Next Month Estimation Price for RON95

Next Month Estimation Price for Diesel

Ever since Malaysia government scrapped the fuel subsidy scheme back in 2014, we are getting used to the monthly fluctuation of petrol price now. In fact, it became a guessing game that Malaysians play every month.

Although government did shed some light on how the fuel price is being calculated, but no one is sure as it is more complicated than just calculating the monthly average of Crude Oil Price.

Let's play the guess-the-fuel price together here :)

I didn’t ask the bomoh for next month’s RON97 price, instead, I developed my own computerised formula to calculate the new RON95, RON97 and Diesel price, which on average, my prediction only has about 4 sen of deviation on average in the past 6 months.

I won’t reveal the ingredients of my secret sauce here (not yet!), but it includes the trend of RM VS USD, CPO price and some other short, middle and long terms factors.

However, this prediction is not cast in stone and I will update it based on the latest development. The closer towards end of the month, the more accurate it will be, so do come back from time to time to get the latest prediction.

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

Ron95 Petrol Price Analysis

Diesel Price Analysis

Harga Minyak Ron95

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