RON95 RON97, 28 June-4 July 2018 - Petrol Price Prediction - Malaysia
[Latest] The decision of the Cabinet meeting on 30 May 2018, they decide to floated Ron97 price according to the market price. Starting from 7 June 2018, Ron97 pricing will be announced every Thursday. For now, here is the rate of the ron97 prices.
|31 May-6 June||2.836||RM2.47|
|28 June-4 July||2.564||???|
Back in 2014, Malaysia government was scrapped the fuel subsidy scheme and we are facing the monthly fluctuation of the petrol price. But it looks like we will not be faced with this problem anymore since the establishment of a new government. In a press conference that held on 16 May 2018, Tun Dr Mahathir Mohamad, Prime Minister, says, to support the rising world fuel prices, the government willing to subsidies its. In this way, is expected to stabilize fuel prices in our country.
Although this initiative provides benefits and convenience to the people, the question is when will this fuel price be sustained? If world fuel prices go down, will the government reduces fuel prices or stay at this rate?
Let's play the guess-the-fuel price together here :) So, you will get a bit of a picture and not be surprised or questioned if the rate of fuel is changing someday.
I didn’t ask the bomoh for next week’s RON97 price, instead, I developed my own computerized 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.
The formula includes the trend of RM VS USD, refined oil price and some other short, middle and long terms factors. If you want to learn more about the secret formula that I use, check the details calculation of fuel price formula here.
MOTAS 97 contract is illiquid compared with MOTAS92 and MOTAS 95. However, from historical data available, it is traded around USD 2 premium higher than refined 95. Unlike Ron95 and diesel which are mostly exempted from tax, Ron97 believed has to pay sales tax of around 20sen per litre.