Edit: Happy Chinese New Year to our Chinese friends and Happy Holidays to all - Have a great weekend ahead!

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

If calculating 4/2 to 10/2 cycle (Thursday to Wednesday - weekends are using Friday prices), the actual retail price for RON95 & RON97 should be RM2.03 and RM2.33 respectively (±1 sen).

If we follow the Automatic Pricing Mechanism and Sales Tax Act, the government is allowed to "tax" us higher by 60sen per litre for petrol products sold.

Thus, I estimate that RON95 and RON97 would go up by 10 sen from last week at RM2.03 and RM2.33 respectively (±1 sen).

Note: RON95 will be capped at RM2.05/l & Diesel at RM2.15/l source



This post has been edited by isr25: Feb 11 2021, 04:03 PM

delete

This post has been edited by drmadey: Dec 1 2023, 02:23 PM

3 cents increase for petrol and 4 cents for diesel.
Angpow from govt

Does this mean a 7c subsidy from the real price to avoid a sudden big jump.

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

If calculating 11/2 to 17/2 cycle (Thursday to Wednesday - weekends are using Friday prices), the actual retail price for RON95 & RON97 should be RM2.07 and RM2.37 respectively (±1 sen).

Thus, I estimate that RON95 will be capped at RM2.05 and RON97 would go up by 11 sen from last week at RM2.37 (±1 sen).

Note: RON95 will be capped at RM2.05/l & Diesel at RM2.15/l source

Almost reaching “ceiling” price for ron95

Whoa up so much!

Probably another 3c only up - with another 7c subsidy again. They won't want to risk a sudden increase that will cause spike up of food prices and logistical cost.

Announced already. Luckily 4 cents.

Luckily 4 cents only for now

Thanks TS for weekly updates

Guess next week will hit RM2.05 and maintaining there liao

Any predictions today? Upp upp or down?

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

Thanks! It's interesting to find out whether the weekly calculation would be from (1) Wednesday to Tuesday or (2) Thursday to Wednesday. If it's (1), then fine, I can estimate, but if it's (2), I would not be able to estimate properly anymore.

What do you think is the reasoning behind the change of cut off day?

IMHO, it's 1 day too long now anyway since they are using Thursday-Wednesday closing figures for their weekly calculation, but only announce it on Friday and takes effect on Saturday. I'm quite sure they're already paying for the service to know the current MOGAS prices on a daily basis, it doesn't make sense to delay the fuel pricing any longer than necessary as this affects the profit/loss for petrol companies & govt.

If it's (1) Wednesday to Tuesday closing price, announced on Wednesday afternoon & take effect on Thursday 12:01am
I can estimate the price on Wednesday morning from the AIP graph for MOGAS95 Wednesday-Tuesday closing price. This would usually be ±1 sen from the announced RON95/97 price.

If it's (2) Thursday to Wednesday closing price, announced on Wednesday afternoon & take effect on Thursday 12:01am
I can estimate the price on Wednesday morning from the AIP graph for MOGAS95 Thursday-Tuesday closing price but this would not be as accurate as I lack the Wednesday closing price before they announce it.

I can only try to estimate for the next few weeks and see if it's accurate.

Logistics mainly from my view.

Fleet management, load volume and movement.
Better for the oilco books basically

Petrol up 5 cents only

Looks like they’re capping any changes to 5 sen weekly - good for consumers and business owners as govt is absorbing / subsidizing quite a bit - including RON97 users

This post has been edited by isr25: Feb 26 2021, 06:36 PM