Tuesday, August 1, 2017

RON95 petrol price - August 2017



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Week 5 (30 August): Prices have not changed at all this week, so we expect it to be maintained at RM2.15/liter.

Week 4 (23 August): There appears to be some stabilization in the prices. The calculated price is RM2.13/liter so it could be either maintained, or a slight increase from last week. Update: actual price was maintained at RM2.15/liter.

Week 3 (16 August): The additional premium of around 3-4sen per liter of RON95 is holding fast, so we were accurate in predicting the increase although it was higher than expected!

Week 2 (9 August): Well as predicted, prices went up again, this time slightly more than what we predicted. World refined prices are heading up week after week but the ringgit is not moving much, hence the rise in petrol pricing!

Week 1 (2 August): Welcome to sweltering hot August 2017. Unfortunately, petrol prices are also hot and based on the latest data, most likely it will keep going up this week. Refined products have gone up in price while the ringgit has not really moved. It might not be as stark as the numbers suggest, as the government already built in a big rise last week - but still, it isn't going down for sure!

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