My prediction/calculation for the new RON95/97 price that will come on Saturday 24/8:

Just to share the daily estimated fuel prices for Week 4 August 2019

The current RON95 price is RM2.08 and RON97 is RM2.49 which was announced on Friday 16/8.

Calculation and table of estimated price can be found at this link: https://goo.gl/cpYiBN

If calculating 15/8 to 21/8 cycle (Thursday to Wednesday - weekends are using Friday prices), RON95 should be around RM2.21, and RON97 should be around RM2.51.

However, since they announced that RON95 will be capped at RM2.08/l, my estimate is RON95 will maintain at RM2.08 and RON97 price go up by 2 sen to RM2.51 (±1 sen).



Insider Info:
None yet

https://www.thestar.com.my/news/nation/2018...main-unchanged/

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: Aug 22 2019, 07:22 AM

thumbs up

RM2.5 per litre from 1st March.

Thanks! Hope the spreadsheet helps you!

Seriously bro... Don't just quote figures... Do you have a source where you're getting the RM2.5/l? This is F&F and not /k. Hopefully you will learn something on how the fuel price is calculated using the link above

This post has been edited by isr25: Feb 22 2017, 11:11 AM

tenkyu abang!!! do update if there are any changes!!!

useful thread. hahah jangan buat betting pulak

useful thread. hahah jangan buat betting pulak

I'm updating it on a daily basis (or 2 days at the latest ) so you can check whenever.

But really, you only need to check it at the end of the month - or the last few days of the month, just to get a feel of next month's price.

I'll update the first post if there are any changes

This post has been edited by isr25: Feb 22 2017, 11:44 AM

bagus bagus.... this way i can decide if i can tekan or if i should abandon my car somewhere and walk home.

abang ,mana u find out the genius make top confidential formula ? lol

Up 10 cents

Bros,

This is a calculated estimation of the future price of fuel..
Its not to 'guess' the next price increase..

It's not confidential, just that the sources is hard to find. I credit 2 sources for me to find out how they actually calculate

http://etp.pemandu.gov.my/Related_Stories-...oil_prices.aspx
https://taizeekin.wordpress.com/2017/01/03/...price-yourself/

A fight with an idiot on FB early this month, made me calculate the fuel price myself to shut the idiot up Now I'm doing it just for fun, and for my own info since I pump RON97 (MOGAS97 is harder to find - last update was end of last year... )

Take the historical values with a pinch of salt, as I didn't start to keep track the daily MOGAS95 prices until Feb 2017.

Yes, this is not a guesstimate. It's a calculated estimation - but the government may still price it higher or lower depending on whether they want to give some subsidy, or get some more money

ehh.. if you are already calculating 97, might as well and include it!!!

The chart is RON95. I am using RON97, but couldn't find a free source to calculate it like RON95. The free source only provided the MOGAS97 information until 15 Dec 2016, and it suddenly stopped... Unless I pay for the updated daily figures (which I find silly for a personal hobby) I can't find any (free) source at the moment...

Anyway, the RON95 price is already a good indicator whether RON97 goes up or down or thereabouts.

thats true... alright, thx again!!!

thanks abang civic..

thanks.. good thread.... will visit it everytime

Forsee up another 15 cents! Lots of 'goodies' ' were handed out by bee end in the Sarawak by election!

sempoi lah abang, thanks