Petrol Price Malaysia (RON95, RON97, Diesel) 22-28 Feb 2020
[Latest] Petrol Subsidies Program (PSP) that is supposed to be delivered to the B40 group by January 2020, has been suspended for further investigation and evaluation. The official date has not been informed yet. But, people can still enjoy the petrol price with the existing system.
During the press conference that was held on 7 October 2019, the Government agreed to give out subsidies amounted RM30 per month for cars and RM12 per month for a motorcycle under Petrol Subsidies Program or more known as PSP. This is actually good news for those who received Bantuan Sara Hidup (BSH) or the B40 group. If you guys are interested to know more about the PSP program or want to check your eligibility status for the subsidy, you can visit KPDNHEP official website or you can just click this link: Check Status PSP 2020
Starting in January 2020, petrol RON95 price will be floating again according to the world's crude oil market prices and will be rise by 1 cent on every week until it met the market price. From now on, fuel prices will be announced every Friday and will take effect on Saturday until the next Friday.
The table below shows our latest prediction price and the actual price of RON95:
Diesel price calculated from our formula is RM2.087. The latest diesel price is RM2.08.
Latest prediction price and the actual price of RON97:
So starting from next week, I will take back my duty, as your 'fuel price predictor expert' :D and I will update the latest prediction every day on this article. Since May 2018, the petrol price for RON95 was fixed at the rate of RM2.20 per litre but recently, on 26th November 2018, Lim Guan Eng, the Finance Minister of Malaysia, announced that the petrol price will be floating every week again starting from Jan 2019. That means the price of RON95 will be changing every week. This decision has to be made due to the falling of the global crude oil price.
Malaysia's government had scrapped the fuel subsidy system since the year 2014, but on the previous 2019 Budget announcement, which was held on 22nd November 2018, announced that a subsidy of 30 cents per litre will be given to the owners of cars with 1500 cc and motorcycle with 125 cc engines only. In addition, the subsidy will also be limited to only 100 litres of petrol per month for the car owners while 40 litres per month for motorcycle owners.
Let’s find out the 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 get a bit of a picture and a forecast of fuel prices for the future.
Hence, 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 computerized formula, which includes 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 2 sen deviation on average based on my analysis. The petrol price is subjected to the sudden change of Government subsidy and new system implemented. The calculation includes short term and medium term of refined oil and Ringgit versus USD. Hopefully, this estimation is helpful to you.
The table below shows 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 5 pm) for last few weeks.
|DATE||MOTAS 95||GASOIL||USD / RM|
|15 January, 2020||71.56||77.19||4.079|
|16 January, 2020||71.85||77.13||4.0685|
|17 January, 2020||71.67||76.58||4.0625|
|20 January, 2020||71.55||76.26||4.0575|
|21 January, 2020||71.11||76.49||4.069|
|22 January, 2020||69.66||75.04||4.0735|
|23 January, 2020||69.03||74.31||4.0655|
|24 January, 2020||67.36||73.10||4.0645|
|27 January, 2020||65.41||69.61||4.0645|
|28 January, 2020||65.47||70.57||4.0835|
|29 January, 2020||66.10||70.11||4.0785|
|30 January, 2020||64.45||68.55||4.0885|
|31 January, 2020||64.20||68.23||4.0885|
|3 February, 2020||63.32||65.47||4.1155|
|4 February, 2020||62.28||66.19||4.117|
|5 February, 2020||63.67||67.47||4.121|
|6 February, 2020||64.49||67.46||4.1215|
|7 February, 2020||64.75||67.09||4.135|
|10 February, 2020||64.19||65.70||4.1455|
|11 February, 2020||64.03||65.98||4.1405|
|12 February, 2020||65.75||67.25||4.134|
|13 February, 2020||65.18||67.56||4.134|
|14 February, 2020||65.63||67.65||4.141|