He he "luckily" capped otherwise more to come next week

Too much of volatile changes especially recent UP UP UP trend will give certain party excuse to increase price

Maybe this is the thing they wanna prevent?

Came out news that petrol price remains unchanged.. I thought only announce every Friday? Now change to Wednesday?

https://www.freemalaysiatoday.com/category/...es-unchanged-3/

Yes - changed to Wed.

Refer below:

Good morning everyone - Sorry I forgot the schedule changed so didn't manage to come up with the estimate. But since the govt didn't change the price, it was a freebie to everyone I think. Looks like the govt is subsidizing all fuels, not just RON95 and Diesel. Will try to come up with a few calculation for next week.

Date	Daily Fuel RON95 Price	Daily RON97 Price
22/2/2021	RM2.13	RM2.43
23/2/2021	RM2.19	RM2.49
24/2/2021	RM2.17	RM2.47
25/2/2021	RM2.23	RM2.53
26/2/2021	RM2.22	RM2.52
27/2/2021	RM2.22*	RM2.52*
28/2/2021	RM2.22*	RM2.52*
1/3/2021	RM2.21	RM2.51
2/3/2021	RM2.13	RM2.43
3/3/2021	RM2.14	RM2.44

*weekend prices are following Friday

No worries. Appreciate your updates and looking forward to it weekly.

Practicaly also only use 1 car due to the exhaust noise raid lately and even that 1 car barely uses 1/5th of the tank per week due to MCO.

Is the petrol price gonna be announced today or tomorrow?

Any speculation if it's gonna go down?

Good morning everyone, as promised, below is the estimated daily fuel price and some estimation. No guarantees any of the estimates will be correct as the government has been heavily subsidizing the fuel price. The good news is that RON95/Diesel has hit the ceiling and will continue on to be RM2.05 & RM2.15 respectively for the foreseeable future.

Date	Daily Fuel RON95 Price	Daily RON97 Price
22/2/2021	RM2.13	RM2.43
23/2/2021	RM2.19	RM2.49
24/2/2021	RM2.17	RM2.47
25/2/2021	RM2.23	RM2.53
26/2/2021	RM2.22	RM2.52
27/2/2021	RM2.22*	RM2.52*
28/2/2021	RM2.22*	RM2.52*
1/3/2021	RM2.21	RM2.51
2/3/2021	RM2.13	RM2.43
3/3/2021	RM2.14	RM2.44
4/3/2021	RM2.18	RM2.48
5/3/2021	RM2.25	RM2.55
6/3/2021	RM2.25*	RM2.55
7/3/2021	RM2.25*	RM2.55
8/3/2021	RM2.31	RM2.51
9/3/2021	RM2.27	RM2.57

*weekend prices are following Friday

If the govt is following Wednesday to Tuesday cycle, then the actual price of RON95/RON97 would be RM2.24 & RM2.54 respectively.
If the govt is following Tuesday to Monday cycle, then the actual price of RON95/RON97 would be RM2.22 & RM2.52 respectively.

Ceiling price RM2.05 per litre for RON95 is a blessing to rakyat. My friends in Mainland China were surprised when I told them the price we're paying for RON95. They're paying about RM4.4 for the same fuel although it's Euro6 standard.

Some or most of Hybrid and/or EV OEMs' must be wondering about why bothering to market such in our country......
when our heavily subsidised petrol is far, far cheaper than the world's Cheapest oils in US ........

When our oil is depleted in 10+ years time, we will be playing catchup in EV.
Norway is already very involved in EV even though they r big in oil.

This post has been edited by MGM: Mar 10 2021, 01:22 PM

https://www.google.com/search?client=firefo...+euro+per+litre

This post has been edited by zeng: Mar 10 2021, 02:34 PM

Can you share the information whereby our oil will be depleted in 10 years time?

Would like to know more about this.

This might help.

Data on available reserves & consumption trend.

Malaysia Energy Information Hub

Should be around 15+ years for oil and like 30+ years for natural gas, depending on the consumption trend and new discovery of reserves.

YT Bjorn Nyland channel really inspire me on EV
but even in Norway, a stop would be typically 30mins or so for the non tesla
heck typical Japan / korean that we know is getting 200-300km/hr of charge
so a charge for a long drive could results in some hours of waiting for charging
for tesla would be better, but there is practically no supercharging station here in malaysia

teslabjorn spreadsheet, top 28 based of range

RON 97 up 5 cents tomorrow

Not sure how you estimated that.

We do import and export oil as well.

I think as long as we continue to import and continue to export, we will not be touching the reserves.

That said our consumption has gone up, but we will not be running out of oil, unless we no longer produce fresh oils.

Assuming we do not import oil at all, we have 12 years of oil reserves. But we do import 70% of petrol for motor usage


Thanks for the link, new info for me

It's basic extrapolation which is by no means accurate.

But looking at the rate of consumption and the last estimated figure for available reserves, we can infer 3 scenarios.

-consumption grows linearly (simplistic but capture the trend to a limited extent)
-consumption growth remain stagnant as per last record (highly unlikely)
-use average consumption data throughout the period and calculate the reserve from there (not really good for anything, i guess)

These figures are always subject to change depending on the newly discovered reserve, or new data on energy consumption for the latest year. Our oil export is partly from our own reserves, and partly re-export from other countries. So we do actually touch our reserves.

And yes we do import refined oil. From Singapore, because the capacity to refine crude oil to finished product isn't enough for domestic consumption. At least RAPID completion helps a bit with that. But for good while in the last decade, a significant portion of refined petroleum product (gasoline and all) was imported from Singapore.

If you're curious on further info, maybe you can check out the United Nations COMTRADE statistics for data on export and import destinations & volume of our crude oil (HS Code 2709) as well as refined oil though (HS Code 2710)

Factual error.

The 5 refineries in Malaysia is able to meet the petrol demand in Malaysia and some importation of diesel product (petrol & diesel demand circa 2019). But some oil company in Malaysia decided to procure their product form Singapore.

Probably.

I'm basing my estimate based on the 492,000 barrels daily capacity limit from the 5 refineries before the completion of RAPID, as published in the National Energy Balance 2018.



However over longer time period, the average from 1980-2018 was at 589,175 barrels a day.

Those numbers are still lower than the ceiling pre-determined by the National Depletion Policy 1980 at 650,000 barrels a day though.

If indeed those refinery managed to meet the domestic petrol demand, then what explains our high importation of HS2710 from Singapore?

In 1992, 92.59% of our refined petroleum import was from Singapore, constituting 18.93% of our total import value from Singapore for that year.

In 2014, refined oil import from Singapore represents 44.8% of total Malaysia import value from Singapore at 11.4 billion USD

Maybe I misread the information somewhere, but would love to hear your opinion.