wonderful news!!

TS is the bomb. New government so fast got effect di

World oil prices fell. ‘New’ government will take credit for this!

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

If calculating 27/2 to 4/3 cycle (Thursday to Wednesday - weekends are using Friday prices), RON95 should be around RM1.89, and RON97 should be around RM2.19.

My estimate is RON95 will go down by 19 sen to RM1.89 and RON97 will go down by 21 sen to RM2.19 (±1 sen).

niceeee thanks isr25!

Wow no wonder the petrol station at my place was closed this morning when I wanted to pump..

do u have the forecast for diesel?

Tried to do it. Too many unpublished variables - price of palm oil as ours has 10% biodiesel content. So I won’t do it.

Just wondering how come they close it ? Since the price is not going down until midnight Saturday 🤔

Not too sure... I usually pump BHP.. the petrol station closed the entrance and exit with cones.. Maybe because of the uncertainty.. Petronas beside it was ok but I only pump BHP

RON95 dipped past the RM2 mark after a long time! Hooray

https://www.thestar.com.my/news/nation/2020...-by-over-10-sen

Caption from part of the news
Khairul Annuar urged Prime Minister Tan Sri Muhyiddin Yassin to either maintain the current pump prices or for prices changes to be limited at two sen until a suitable mechanism that benefited all parties is put in place.

I won’t be that mad if he also ask to minimize the increase of petrol price when it’s + more than 2cents... bugger dealer...

Oh Great!

Exactly man.

But I've actually given this situation a thought. Not sure if this is what they're experiencing. Laymen terms ahead.

Scenario 1: Petrol price drops from RM2.10 to RM1.95 effective 7th March
Let's say station refueled their tank on 5th March at market price of RM2.10 minus the profit margin. 6th March government announce price drop and they have 10s of thousands litre of petrol sitting in their tank. Consumer knowing price will drop so they wait until 7th March and refuel their car, which technically means the station had to sell their RM2.10 fuel to consumer at RM1.95 starting 7th March, which means RM0.15 of loss per litre.

Scenario 2: Petrol price increase from RM2.10 to RM2.25 effective 7th March
Let's say station refueled their tank on 5th March at market price of RM2.10 minus the profit margin. 6th March government announce price hike and every single person in Malaysia rushed to the petrol station and refuel their car to the brim before midnight. Past midnight and station had no more fuel left and had to repurchase their fuel at RM2.25 which effectively means they did not make any money from the price gain.

How many Malaysians track petrol prices on the weekly basis?

It's common for the price increase / decrease to show up on their social media eg from news portal or word of mouth, especially when there's a significant hike / drop.

That's why its not uncommon for you to see a huge crowd at refueling station when price is going up by 10 cents.

This post has been edited by budang: Mar 6 2020, 10:35 AM

will be driving about 1000km this weekend. hope to hear good news.

A bit impossible. By law they need to have 2 days worth of fuel in their stocks always. That’s why then proft when it goes up, and lose if it goes down. Profit and loss depends on the size of the station

exactly....when loss complaint in news...
when profiting...
I think Malaysian public already kinda used to the price up/down following global market shit...and try to live with it as much...
the business (transportation, logistic) and the supplier (petrol dealers) like still live in the past days...didn't find way to adapt also...bugger...or should blame gov? lol
but for sure if we start letting dealer float...the rural must still be subsidized, as usually the demand supply is least balanced there...

RON 95 down 19 cents

RON 97 down 21 cents