QUOTE(isr25 @ Apr 9 2020, 09:29 AM)
Calculation and table of estimated prices can be found at this link:
https://goo.gl/cpYiBNIf calculating 2/4 to 8/4 cycle (Thursday to Wednesday - weekends are using Friday prices), the actual retail price for
RON95 & RON97 should be RM0.97 and RM1.27 respectively (±1 sen).
If we follow the previous
Automatic Pricing Mechanism and Sales Tax Act, the government is allowed to "tax" us higher by 60sen per litre for petrol products sold.
QUOTE(budang @ Apr 9 2020, 12:25 PM)
Personal estimation, RON95 will decrease 4-5 cents this week, so it will be RM1.25/L +-1cents.
As usual, pure guessing, don't shoot me.
QUOTE(budang @ Apr 9 2020, 02:01 PM)
The government has been following market fuel price to determine the price you pay at the pump with a ceiling of RM2.08/L for ron95. By right we should be paying the market price now but PDAM has been exceptionally vocal recently and government has since been decreasing the petrol price gradually to minimize the impact.
I believe the government will still tax us maybe 15-20cents per liter even if the market price falls below RM1. Hence, I think the lowest pump price we will ever see should be around RM1.15 - RM1.2 in the next few weeks.
So should we fill up RON97 again tomorrow?