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> Malaysian Estimated Weekly RON95/RON97 Price, RON95 ◆, RON97 ▲ on 13/7 (Calculation)

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djhenry91
post Mar 4 2017, 09:01 PM

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lol..this thread only alive if almost reach fuel price announcement..
next month sure very active due to weekly fuel price changes..
[Ancient]-XinG-
post Mar 5 2017, 12:27 PM

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Now is weekly adddd
TSisr25
post Mar 6 2017, 08:41 AM

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QUOTE(rcracer @ Mar 4 2017, 08:32 PM)
This thread is dead

Fuel prices deregulated from next month , maximum set by gomen, retailers free to follow or set lower

TS should start developing smartphone app to display lowest pump price in vicinity

Instant millionaire
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QUOTE(djhenry91 @ Mar 4 2017, 09:01 PM)
lol..this thread only alive if almost reach fuel price announcement..
next month sure very active due to weekly fuel price changes..
*
QUOTE(Ancient-XinG- @ Mar 5 2017, 12:27 PM)
Now  is weekly adddd
*
My take on it is that - the weekly fuel announcement mechanism, and subsequent "petrol price war" that they intend, we will need to see how it goes. This thread might be of use, or might not be useful at all. I'll keep tracking and updating it - as I said, for my hobby. Feel free to check it out, if not, then don't check it biggrin.gif

Anyway, did a scenario what will happen if we did a weekly petrol pricing:

Week 1 (30/1-3/2) - RM2.27 (RM2.25?)
Week 2 (6/2-10/2) - RM2.29 (RM2.30?)
Week 3 (13/2-17/2) - RM2.30
Week 4 (21/2-24/2) - RM2.28 (RM2.30?)
Week 5 (27/2-3/3) - RM2.20

So it's better for the consumer. I'm not sure how the mechanism will announce - every Friday? Every Saturday/Sunday? Every Monday? Will need to see how the system works definitely...

Anyway, I highly doubt that petrol stations will offer lower than the "ceiling" price... But we shall see.

This post has been edited by isr25: Mar 6 2017, 08:45 AM
djhenry91
post Mar 6 2017, 09:11 AM

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QUOTE(isr25 @ Mar 6 2017, 08:41 AM)
My take on it is that - the weekly fuel announcement mechanism, and subsequent "petrol price war" that they intend, we will need to see how it goes. This thread might be of use, or might not be useful at all. I'll keep tracking and updating it - as I said, for my hobby. Feel free to check it out, if not, then don't check it biggrin.gif

Anyway, did a scenario what will happen if we did a weekly petrol pricing:

Week 1 (30/1-3/2) - RM2.27 (RM2.25?)
Week 2 (6/2-10/2) - RM2.29 (RM2.30?)
Week 3 (13/2-17/2) - RM2.30
Week 4 (21/2-24/2) - RM2.28 (RM2.30?)
Week 5 (27/2-3/3) - RM2.20

So it's better for the consumer. I'm not sure how the mechanism will announce - every Friday? Every Saturday/Sunday? Every Monday? Will need to see how the system works definitely...

Anyway, I highly doubt that petrol stations will offer lower than the "ceiling" price... But we shall see.
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malaysia mentality offer ceiling price instead lower than ceiling price
BlueWind
post Mar 6 2017, 01:52 PM

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If regulated right, we will see this as beneficial to us consumers because it promotes price competition. If they are done wrong just like what happened in Thailand, we are sure going to suffer when monopoly occurs.

I am a bit afraid of how it's going to pan out for us. We just need to be resilient enough to sustain the constant rising cost. Sigh.
rcracer
post Mar 17 2017, 02:37 PM

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So what price in two weeks ?
TSisr25
post Mar 19 2017, 08:43 AM

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QUOTE(rcracer @ Mar 17 2017, 02:37 PM)
So what price in two weeks ?
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I thought you said the thread was dead? laugh.gif

Anyway, click the link to find out. Don't expect to be spoon fed all the time Malaysian Estimated RON95 & Diesel Fuel Price Calculation Spreadsheet
rcracer
post Mar 19 2017, 11:14 AM

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QUOTE(isr25 @ Mar 19 2017, 08:43 AM)
I thought you said the thread was dead? laugh.gif

Anyway, click the link to find out. Don't expect to be spoon fed all the time Malaysian Estimated RON95 & Diesel Fuel Price Calculation Spreadsheet
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It was a sarcastic question


Invince_Z
post Mar 22 2017, 05:57 PM

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isr25

» Click to show Spoiler - click again to hide... «


This post has been edited by Invince_Z: Mar 22 2017, 05:58 PM
djhenry91
post Mar 22 2017, 06:03 PM

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correct la..for the cost
TSisr25
post Mar 22 2017, 06:44 PM

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QUOTE(djhenry91 @ Mar 22 2017, 06:03 PM)
correct la..for the cost
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Yup, thanks for the tag, will update the spreadsheet to take into account 23 March - 29 March (7 days) for the first weekly oil price announcement.

It's kind of good though coz the current market rate of fuel is about RM2.10 at the moment biggrin.gif
djhenry91
post Mar 22 2017, 07:32 PM

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QUOTE(isr25 @ Mar 22 2017, 06:44 PM)
Yup, thanks for the tag, will update the spreadsheet to take into account 23 March - 29 March (7 days) for the first weekly oil price announcement.

It's kind of good though coz the current market rate of fuel is about RM2.10 at the moment biggrin.gif
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if RM2.00 or below i happy liao
alextan99
post Mar 22 2017, 07:34 PM

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I doubt any retailers will sell it lower than the ceiling price.
TSisr25
post Mar 22 2017, 07:55 PM

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QUOTE(djhenry91 @ Mar 22 2017, 07:32 PM)
if RM2.00 or below i happy liao
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Highly unlikely liao, unless oil price goes down or our ringgit grows stronger. RM2.10 now, or RM2.05 lowest next week looking at the trend

QUOTE(alextan99 @ Mar 22 2017, 07:34 PM)
I doubt any retailers will sell it lower than the ceiling price.
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Me too bro. I doubt they wanna take a hit on their margins, unless it's like 1-3 sen discount laugh.gif let's see next week
djhenry91
post Mar 22 2017, 08:41 PM

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QUOTE(isr25 @ Mar 22 2017, 07:55 PM)
Highly unlikely liao, unless oil price goes down or our ringgit grows stronger. RM2.10 now, or RM2.05 lowest next week looking at the trend
Me too bro. I doubt they wanna take a hit on their margins, unless it's like 1-3 sen discount laugh.gif let's see next week
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RM2.05 ok for me.. hmmnow is petrol station willing offer what price
adamhzm90
post Mar 23 2017, 09:30 AM

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new ceiling price will be annouced every Wednesday. But effective midnight the following day.

TSisr25
post Mar 26 2017, 09:04 AM

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Ok guys, I had updated the spreadsheet to match the government's announced pricing - Announce on Wednesday evening, but effective on Thursday. I can only do an estimate on Thursday - Tuesday petrol pricing, as I do not have real time information access on Wednesday's price, but it should be close enough.

as of 24/3, the price would be RM2.10 for RON95 and RM1.95-RM2.00 for diesel. Petrol price is stabilising these past few weeks, and our ringgit is growing stronger.

This post has been edited by isr25: Mar 26 2017, 09:05 AM
rcracer
post Mar 29 2017, 08:21 PM

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QUOTE(isr25 @ Mar 26 2017, 09:04 AM)
Ok guys, I had updated the spreadsheet to match the government's announced pricing - Announce on Wednesday evening, but effective on Thursday. I can only do an estimate on Thursday - Tuesday petrol pricing, as I do not have real time information access on Wednesday's price, but it should be close enough.

as of 24/3, the price would be RM2.10 for RON95 and RM1.95-RM2.00 for diesel. Petrol price is stabilising these past few weeks, and our ringgit is growing stronger.
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95 is accurate , diesel is way off , 11 cents more expensive
zeng
post Mar 29 2017, 08:48 PM

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QUOTE(rcracer @ Mar 29 2017, 08:21 PM)
95 is accurate , diesel is way off , 11 cents more expensive
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TS is quite spot on.
RON95 is RM2.13/L, drops RM0.17/L.
Diesel is RM2.11/L, drops RM0.09/L
TSisr25
post Mar 30 2017, 08:21 AM

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QUOTE(rcracer @ Mar 29 2017, 08:21 PM)
95 is accurate , diesel is way off , 11 cents more expensive
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QUOTE(zeng @ Mar 29 2017, 08:48 PM)
TS is quite spot on.
RON95 is RM2.13/L, drops RM0.17/L.
Diesel is RM2.11/L, drops RM0.09/L
*
The RON95 source is quite close to what the government is doing. Diesel price is way off - not sure because of the source is different? But in the beginning of the month, it was looking very similar to current prices.

In any case, it's quite interesting to see this price difference. May need a couple of weeks of monitoring to see what was causing the difference. It can be either the government is pricing it higher to get more tax from it (profit from higher price of RON95/Diesel) or it's to allow the petrol companies to offer discounts - hence why they need to get approval from the government to offer discounts/promotions since they are taking the government's profits away... hmm.gif

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