According to minister of domestic trade, cooperatives and consumerism (KPDNKK) Datuk Seri Hamzah Zainuddin, recent global events may have an impact on world oil prices. He said this could have an impact on fuel prices in Malaysia, Bernama reports.
“The price of fuel in Malaysia is determined based on the global price of crude oil. Thus, if there is a price increase on the world stage it is certain that the price of gasoline and diesel in Malaysia will also rise,” he told reporters earlier this week.
“However, I do not want to speculate about it (the price of fuel). The government has already implemented a managed float on a weekly basis for the pricing of fuel to replace the previous monthly system,” he added.
The new fuel ceiling price mechanism, in which fuel prices are announced on a weekly basis instead of monthly, began on March 29. The current weekly retail price announced last Wednesday (from April 6 to 12) for RON95 petrol rose three sen to RM2.16 per litre, while RON97 rose two sen to RM2.43 per litre, and diesel fell three sen to RM2.08 per litre.
The pricing announcement are made every Wednesday, with the new weekly prices coming into effect at midnight the following day.
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Bila naik dipersalahkan kerajaan. Bila turun kenapa tak puji kerajaan? Ada yg dah turun. Kangkung dulu naik sekarang ni dah turun.
Sang kancil, bila harga pasaran turun, kita maintain or naik. Blame ringgit jatuh.
Sekarang ni blame crude oil price.
Mahu election baru turun. Mana boleh.
Be afraid of your own shadow.
The end is getting near
Diesel,
The mechanism to calculate fuel price in malaysia is shown in Paul Tan. Refer to the link below. And yes, it is related to currency fluctuation as as well.
https://paultan.org/2009/02/15/how-fuel-prices-are-calculated-in-malaysia/
someone i doubt a 7 year old article is still valid today.
Kamu makan kangkung saja sepanjang hidup ke?
naik tak salah , memang boleh naik ! tapi tipu rakyat tak baik !
Minyak naik, tapi
BMW, Merc pecah sales record
Honda jual lebih dari Proton
Samsung S8+ sold out tak sampai 2 jam
KFC, Starbucks selalu full
Mana rakyat terjejas?
Volvo X laku ker…huhuhuguhghu
Yang kaya itu orang awak jagan risau…. tetapi majorty banyak hidup dalam kesusahan, protonnya akan tarik nanti juga…
Mana satu ni, kejap based on mean of platts singapore (mops) refinary price, la ni based on global crude oil price pulak.
Another failed statement from a Menteri.
My 90yrs old nenek can deliver more insightful analysis & rationale..
“Saya JAMIN harga minyak RON95 tidak akan naik, tidak kira harga pasaran minyak naik ataupun turun, Kerajaan akan terus bantu rakyat”
– Najib Razak, Februari 2012 (Sebelum Pilihan Raya)
Impeachment doesn’t work here. Try again dude
That is the Malaysian politics. Any promise is as good as forgotten once the election is over. And grander promises will be made when another election is near. Too bad the rakyat always fell for the sweet promises and elect these bunch of robbers and thieves into office again and again. Time to wake up!
Ini dulu, sekarang sudah ubah
“The price of fuel in Malaysia is determined based on the global price of crude oil”.
Last time based on global price but then when global price going down GOV still increase fuel price and said price depends on Singapore’s (MOPS).
Now when MOPS price is flat GOV said fuel price based on global price again. WTH?
In short, our Gov is taking M’sian 4 a ride at our expense.
Hamzah Zainuddin is telling us that Fuels will be increased come midnight. It’s a question of – How Much.
Not a good one if price increase tomorrow.
Fuel prices to go up if kangkung prices rise…
Where is PDAM and all the hoo haa about price war?
All hilang kah? This shows, PDAM is the most powerful organisation in Malaysia. PDAM tell gomen sit down, gomen sit down like obedient doggy.
PDAM tell gomen stand, gomen stand like obedient doggy.
It is only 8 sen. Malaysians like to complain. 8 sen also people bising.
All those complaining are lazy. Work harder and 8 sen increase will be kacang to you! oh wai!
This idiot, let’s say ringgit rises and gets stronger, will you reduce the price? NO, you will keep it there you twat
Harga minyak turun ka naik ka, harga kat pam naik jugak tak kira. Apa apa angpa lah. Buat ja apa angpa nak. Dosa nanti jawab sendiri. Sukati ang lah.
Janji aku dak makan dedak. Nasi dengan telur kicap hari hari pun aku sumpah xkan makan dedak.
Yes. This message is a strong clue for tomorrow. Whoever has an almost empty tank better refuel today as quickly as possible.
tak perlu baca dan tak perlu dengar…rasanya..paultan pun tak perlu tulis artikel turun naik minyak ini…tunggu saja hari khamis
Basikal isi minyak ??
Malaysia is the only oil producing country that sells its fuel to its rakyat overpriced.
All over the world, oil producing country sell their fuel super cheap to their rakyat except Malaysia. For example, Saudi sells USD25 cents (RM1.10). Brunei sells below RM1
Anyway, let us assume global prices. Let us assume we are not oil producing nation. We are still overpaying by more than 80sen per litre. By right, processed Ron 95 fuel should not be more than RM1.50 per litre. We are paying about 70 sen more per litre
Assuming one fills his 40 litre tank 7 times a month, one would overpay the Government by (RM28 x 7). About RM200
Calculate that by 10 million motorist. Gomen makes BILLIONS extra per month.
And yet, our hospitals have no medicine!
bla bla bla…this is getting old. Last time we have to hear nonsense once every month. Now we have to hear it every week. Let’s see how much nonsense they can churn out every time there is a price change. There is no credibility in their statements anymore. When I was young, I was introduced to the story, “the boy who cried wolf” BUT seems like it doesn’t apply in Msia because people easily forget things :)
The funny thing is that no matter what the price will always go up.
Duhh, it’s a given, ain’t it? Does our Minister really think we’re soooo stupid? Orang kampung pun tau kalau harga minyak mentah naik, harga petrol / diesel pun naik.
There is only 1 way to counter this. Increase the value of our currency… because if now increase USD 0.01 = SGD 0.01 = MYR 0.04 = THB 0.35 get it? Pegged it to USD like last time lah…
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wow so many excuses to raise price…
first was the global price…
then some singapore pricing..
now back to global price…
i think we can conclude that these fella has no mathematics & economics knowledge
Crude price will decline towards twenties bucks this coming summer soon…
Ikut naik tak ape, tapi jangan minyak harga dunia turun Malaysia pulak system hanged atau naik 0.25 sen tapi turun 0.05 sen. Rakyat bukan bodoh tau….masa 2.1 harga minyak dunia lingkungan usd56…tapi skrang harga dunia 55 lebih tapi rakyat bayar rm2.16…mana logic..
Is there any consideration regarding to the strengthening of the ringgit? The oil prices did increase this year but also the ringgit strengthen a lot this year. Therefore at worst fuel price should break even or slightly higher. Now fuel price is about to go up to 2.38 per litre. This is not logical.