Just to share the daily estimated fuel prices for Week 1 March 2021
The current RON95 price is RM2.00 and RON97 is RM2.30 which was announced on Friday 19/2.
Calculation and table of estimated prices can be found at this link: https://goo.gl/cpYiBN
If calculating 18/2 to 24/2 cycle (Thursday to Wednesday - weekends are using Friday prices), the actual retail price for RON95 & RON97 should be RM2.15 and RM2.45 respectively (±1 sen).
Thus, I estimate that RON95 will be capped at RM2.05 and RON97 would go up by 15 sen from last week at RM2.45 (±1 sen).
Note: RON95 will be capped at RM2.05/l & Diesel at RM2.15/l source

Insider Info:
None yet
Thx for the support guys!
Frequently Asked Questions:
1. Why are we using MOPS/MOGAS to calculate the fuel prices? Why not use Brent/Crude oil prices? (Credit to Lone Wolf X)
Most probably the same reason why Australia & Singapore uses it.
"The petrol companies use Mean of Platts Singapore (“MOPS”) prices, not crude oil prices in their cost accounting and pricing decisions for retail petrol. Crude oil price is the price of unrefined oil while MOPS price is the price at which petrol companies purchase the refined wholesale petrol from the refineries. MOPS price tends to be higher than crude oil price as it includes the cost of refining the crude oil into wholesale petrol." - quoted from the www.ccs.gov.sg below
FYI - MOGAS is one of the product listed under MOPS
Layman term:
You don't eat Paddy, you eat cooked Rice. Same for your car, it doesn't take crude oil, it takes refined fuel - priced using MOPS for our region.
Paddy = Crude Oil Price
Cooked Rice = MOPS Price
REF
Facts About the Australian Retail Fuels Market and Prices
UNDERSTANDING PETROL PRICES IN SINGAPORE.
Interim Findings From CCS's Retail Petrol Study
Symbol reference:
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This post has been edited by isr25: Feb 25 2021, 08:53 AM