Yea actually I mean once the subsidies are suddenly removed after GE14, there will be a huge price jump if the current trend of rising gas prices continue.

gg petrol price still unchanged...

Try to keep petrol unchange before GE14. Good strategy!

cannot afford to make ppl angry maa...and now it cost malaysia millions of ringgit for nothing.

Let's have fun and try to estimate how much is this subsidy costing the government and thus, the rakyat. According to the National Energy Balance 2015 (Page 38), http://www.st.gov.my/index.php/en/all-publ...gy-balance-2015 We are consuming 12,800 ktoe of petrol and 9,385 ktoe of diesel a year.

So let's do some conversion to get the figures into litres
1 ktoe = 1,000 toe
1 toe = 7.33 boe
1 boe = 158.987295 litres

thus we are consuming 14,916,823,966 litres of petrol per year or 286,861,999 litres of petrol per week, or 40,980,285 litres of petrol per day.
For diesel, we are consuming 10,937,061,947 litres of diesel per year, or 210,328,114 lires of diesel per week, or 30,046,873 litres of diesel per day.

So, with the data above, and assuming 2015-2018 figures are roughly the same, the government subsidy cost per day is around RM4,917,634 for petrol and RM4,507,030 for diesel.

How much has it cost so far? If we use my previous estimates,

Week 29 March: RM28,686,200 petrol (10 sen) + RM18,929,530 diesel (9 sen)
Week 5 April: RM22,948,960 (8 sen) + RM18,929,530 diesel (9 sen)
Week 12 April: RM17,211,720 (6 sen) + RM12619687 (6 sen)
Week 19 April: RM34,423,440 (12 sen) + RM31,549,217 (15 sen)

Total estimate cost of subsidy so far is: RM185,298,284

WAh!!!!

'pemurahnya' kerajaan. all for the sake of winning pru.

This post has been edited by Invince_Z: Apr 19 2018, 11:17 AM

There is a significant flaw in your assumption which is all petrol & diesel is subsidized.

In actual fact the petrol & diesel market is divided into the retail and commercial. Assuming that both of these market is subsidized is incorrect. As the weekly petrol price announcement only states retail price.

AFAIK, the only diesel for commercial use is unsubsidized (power generation etc). Is there any RON95/97 for commercial use which is unsubsidized? In face, diesel for fishing vehicles & public transport is even more subsidized iinm.

In any case, do you have the breakdown for the figures where I can update the assumptions/formula?

even if we assume the amount is 50%, that's still huge sum of money. chill, it's just for fun guessing. hopefully fake news law x applied.

This post has been edited by Invince_Z: Apr 19 2018, 11:50 AM

After GE price definitely will rocket sky high

The biggest market for commercial diesel is in shipping at the ports. Company with huge fleets also have their dedicated diesel refueling facilities.

For petrol company with huge fleets and also petrol perks for staff is charged at a different rate since the volume is big which the company has a specific account with the oil company.

As for figures there is only market intelligence which you need to pay a hefty price to get them. So I don't have it.

https://www.bharian.com.my/bisnes/pasaran/2...nggi-tiga-tahun

the petrol price this coming week is supposedly up but the govt will make it unchanged

Sorry for the late update everyone. Was in Singapore yesterday and didn't have time to update until now.

What I personally estimate, judging from the data on page 1 (for 26 April - 2 May) https://goo.gl/cpYiBN
If no sudden subsidy
RON95 ▲ 17 sen to RM2.37
Diesel ▲ 20 sen to RM2.38

If maintain current subsidy
RON95 ▲ 5 sen to RM2.25 (suspected 12 sen subsidy)
Diesel ▲ 5 sen to RM2.23 (suspected 15 sen subsidy)

Or peg at current prices
RON95 ◆ at RM2.20 (with a 17 sen subsidy)
Diesel ◆ at RM2.18 (with a 20 sen subsidy)

Weekly Data
RON95: https://aip.com.au/sites/default/files/down...pril%202018.pdf
Diesel: https://aip.com.au/sites/default/files/down...pril%202018.pdf

Daily Data


This post has been edited by isr25: Apr 25 2018, 10:30 AM

Ada chance price dip lower lower leading to GE? Will be a good strategy to gafner more votes!

Lowet price pwns retain current price, imho

No point speculating on that in this thread. Here is facts and numbers based.

The estimated "daily price" of RON95 at closing time yesterday was RM2.41. Thank god for the subsidy mang

https://goo.gl/cpYiBN further details on page 1

This post has been edited by isr25: Apr 25 2018, 10:33 AM

should say...without "manipulating" the price, ppl sentiment in this few weeks will be very heated...with rocket price...
n the BN sure get a lot hate votes....

Bee end Boleh ! How can be no manipulation? Lol!