Wednesday, July 5, 2017

Malaysia petrol RON95 price prediction - July 2017




July is wrapped up and done. Latest here.

Week 4 (26 July 2017): We were too early last week. The real move happened this week, with prices going up a whopping 6 sen even though the official formula shows it should go up by 1 sen. Well, you still have some time to go out and fill up!

Week 3 (19 July 2017): Well this time the market actually is moving upwards. Also, last week the government apparently reversed the Raya/holiday policy of setting prices below actual pricing. So this week, it's likely that prices will continue going up!

Week 2 (12 July 2017): Overall the market hardly moved from the previous week. The calculated price remains the same, at RM1.94/liter. So mostly likely the actual price would either be the same or slightly higher.

Week 1 (5 July 2017): Hello and welcome back! So far, raw material prices have been on a slight uptrend, increasing 1%, while the Ringgit has been stable. Thus most likely, we will see a slight increase in petrol price this week. Go pump!

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