Brent just now below 19USD per barrel

A 3c deduction only this week. Which is supposed to be deducted from last Saturday.

Probably no price changes for ron95/97, the hidden tax to absorb the big reduction that is not there for the last 2 weeks probably to appease the PDAM.

It could be because MYR has strengthen against USD, hence the quantum of increase is lesser.

No more 5c hidden tax probably. Same as floating price for ron95-1.89 and ron97-2.19

Up 3c ron95/97. Diesel up 4c

This post has been edited by muhammadb: Feb 5 2021, 05:28 PM

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

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.

Yes - changed to Wed.

Refer below:

It will be crazy to keep subsidizing ron95 at 2.05/l, when brent crude has jumped to USD80.

If gov is going to allow interstate travel by around next week or week after, I guess this week they need to increase ron95 by 5c at least to 2.10/l.
And then increase it another 5c next week to 2.15/l - just in time for massive interstate travel. And increase it gradually as brent crude increase globally towards 100.

The subsidy rate need to be capped at 20-30c per liter only at max, which still runs in billions of subsidy.
Current subsidy is more than 50c/l already - crazy. How long can gov intervene to keep inflation at bay.

Let see what MOF move

Reference:
From Paultan article in March 2021: PM said - every 30c subsidy of ron95 - it is estimated RM 3 bil gov spending to put a cap on price

This post has been edited by muhammadb: Oct 5 2021, 12:05 PM

Gov is creating a sort of like “fake” economic environment where inflation is capped with the heavy subsidies on ron95, cooking gas, cooking oil, electricity and etc whilst other countries are grappling with energy crisis now.

How long can we last without embracing inflation.

Bulk of the ron95 subsidies still goes to people who drive big cars/motorbikes, not the common folks or poor people.

This post has been edited by muhammadb: Oct 6 2021, 07:03 PM

The gov/Mof advisors should have increased it gradually over time, rather than a 10c increase in one go. Now industries players will need to increase their prices quietly in anticipation of ron95/diesel massive increased also (it is just a matter of when).

Not their own money to blow off.
So much of taxpayers money to subsidise fossil fuels, whilst gov keep talking about ESG, green technology and sustainable energy etc.

Let see how much more fossil fuel subsidies in bajet 2022 next Friday, tnb coal power generation, nat gas etc.

I doubt they will increase ron97 this week. The PRN for Melaka is a hot topic now and Bajet 2022 presentation on Friday. As much as possible need to distract everyone from inflation issues.

Indeed, a big thank you to the gov
Nothing mention clearly on petrol subsidies in the Bajet 2022, probably under Strategy 3 - Initiative 1 from that 31B total.

Let see how long gov can afford to subsidize everything, ron95/97, wheat/flour, cooking oil, cooking gas.
Brent at around 138 highest spike today.

A big thank you to Malaysian government for the big subsidy
which doesn't even benefits the bottom b40 much, sorry b50 now.

Probably extra subsidy until raya week.

Extra income from KWSP 40.1 bil withdrawal - easily gov will earn from 6% SST around 2.4bil in a short period. No matter what the KWSP members do with their money - gov will get 6% SST.

And don't forget the extra feel good factor as this is most probably will be the election year for GE15.

This post has been edited by muhammadb: Apr 21 2022, 08:58 AM

A big thank you to Malaysia Gov
Really a good Raya this time, trying to keep the mood all the way to next GE.

Really interesting to see how they are going to do the "targeted subsidy" - logistical cost, e-hailing, p-hailing, food delivery cost will jump sky high immediately once it start to implement. Inflation will jump also.

Not easy to come out from the ron95 subsidy after so long enjoying cheap fuel.

Hopefully, traffic jam on the road will be reduced slightly if targeted subsidy is on.