lol..this thread only alive if almost reach fuel price announcement..
next month sure very active due to weekly fuel price changes..

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

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

malaysia mentality offer ceiling price instead lower than ceiling price

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.

So what price in two weeks ?

I thought you said the thread was dead?

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

It was a sarcastic question

isr25



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

correct la..for the cost

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

if RM2.00 or below i happy liao

I doubt any retailers will sell it lower than the ceiling price.

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 let's see next week

RM2.05 ok for me.. hmmnow is petrol station willing offer what price

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

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

95 is accurate , diesel is way off , 11 cents more expensive

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...