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Week 4 (24 May 2017): Yes ladies and gentlemen, the trend is up, up and up! Most likely we would see RON95 price go up to RM2.10/litre or even higher this week!
Week 3 (17 May 2017): PRICE ALERT! Refined product prices have been moving up while Ringgit, in line with Bank Negara policies, has not moved much. So there is likely to be an increase in prices in the announcement this Wednesday! Pump if you can!
Week 2 (10 May 2017): Oil prices have dropped to US$45/barrel and markets are very weak. But the Ringgit's recent uptrend has not been dented much (yet! we hope). So as of now are still predicting a further fall in petrol price this Wednesday 9 May!
Week 1: Well if you follow the financial markets, you know already that the Ringgit has been on an up, up, up trend the last few weeks (just as we predicted). At the same time, oil prices have been heading down and in particular, refined products prices have been going down too.
So in short, we are predicting quite a major fall in RON95 petrol price on 3 May! If you can, wait until Thursday the 4th to pump!
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