February 2018 RON95 petrol price prediction

21 Feb 2018: Gong xi fa cai to one and all! As you already noticed, the petrol price went down for the holiday season. This was due not only to lower raw material prices, but also because the government set the premium lower - from the 10-11 sen premium over the 1st two weeks of February, to 7 sens last week. It is still high compared to the 2-3 sen premium in the past. Perhaps a higher price buffer is needed for publicity purposes? We are not sure!

This week, the indicators show that price should remain the same.

RON95 petrol price prediction - January 2018

31 Jan 2018: UPDATE: So the price went *up* again despite indications showing it should have gone down. Oh well, lets see how things go in February!
And it's a wrap so quickly. This month, the petrol price set by the government has been well above the actual pricing shown by raw material costs and Ringgit rate. This suggests (although it can't be shown for sure) that some reserves are now being kept, perhaps to be released later on for the holidays or other major events. However, the government continues to follow the trend (up or down) but with more premium added on. Thus we believe there would be a slight drop in pricing for the announcement today.

10 Jan 2018: Wow, is it the new year already? We are predicting a reduction in petrol prices to be announced this Wednesday, mainly thanks to the ringgit strengthening significantly. However refined products pricing is starting to move up again, watch this space carefully!

RON95 December 2017

20 Dec 2017: This week, there was almost no change from last week in either raw material price or ringgit. Markets are quiet as many traders are off for their holidays already. So most likely, price will remain the same.

6 Dec 2017: Wow can you believe it, we are in December already! A year has gone past in a flash. For the coming announcement, we should expect a decrease as the Ringgit has been strengthening a lot over the past few weeks.

RON95 November 2017

Latest pricing for December: Click here!
29 Nov: Yep, we were correct last week. This week, signs are pointing toward a slight further drop in the RON95 pricing. Let's wait for the next day of data points to see where things are going. The government might also be pushing prices down thanks to the school holidays (since they've made the margin 2 weeks ago at RM2.38/liter when indicators showed it at just RM2.33/liter).
Update: Yes, the government kept the price at RM2.30/liter.

22 Nov: Some respite, finally! There should be a decrease in the RON95 price in today's announcement, as both the refined products price has fallen, and the Ringgit has strengthening a lot over the last week. Let's hope for the best!

15 Nov: Well, we predicted an increase but didn't expect such a huge one! Prediction was RM2.33/liter, it was actually a massive increase to RM2.38! The good news is, Ringgit is finally strengthening again so let's hope there might be some better news in the coming weeks.

8 Nov: Well, we were really close last week. There's only one way prices are moving now - it's definitely up, up and up! Raw material prices are through the roof but the Ringgit has not moved yet. So, go pump as soon as possible if you can.