It’s Wednesday, which means another fuel price announcement is afoot. After a surge in fuel prices last week, this week will see fuel prices remain unchanged from July 20 to 26, 2017.
From tomorrow, July 20, RON 95 petrol will be priced at RM1.97 per litre (unchanged from RM1.97 per litre last week), while RON 97 petrol is priced at RM2.22 per litre (unchanged from RM2.22 per litre).
As for Euro 2M diesel, it will retail at the pump for RM1.96 per litre (unchanged from RM1.96 previously) this week, while Euro 5 diesel will go for RM2.06 per litre (unchanged from RM2.06). These prices take effect from midnight until July 26, when the next price adjustment will be announced.
This is the 17th weekly fuel pricing update since the system’s implementation on March 30. Compared to March 2017 prices, which was before weekly pricing took effect, RON 95 is down by 33 sen (from RM2.30 per litre), RON 97 by 38 sen (RM2.60 per litre) and Euro 2M diesel is down by 24 sen (RM2.20).
Looking to sell your car? Sell it with Carro.
Global oil prices falling but our prices remain the same. How unfair that we have to suffer to make PDAM members happy
Hey dude.. Get your facts straight..!!! Oil prices rose last week from 12th July USD48.18 – to 18th July USD49.16… thankfully our Ringgit also gained from its value of USD4.297 last week to USD4.286 today… that’s why our kiosk price remain unchanged although there might be some slight but managable loss.
Check your facts before talking cock…!
By right, our Ron 95 should only be RM1.40 if we follow global ron prices.
So if we really follow global prices, we should be paying RM1.40 to RM1.50
Please use fact instead of emotion before posting.
Info (oil prices/exchange rates) are just clicks away. Make use of them.
Malaysia still trying to lie to its own people.
I tot oil price is the petroleum price. Since when they use Ron95 price as world oil price?
Next week price sure up
Last week crude price came down to USD46 – 48 price went up fine! This week crude price were USD46 – 48,50 and price remain unchanged. So what system you use to calculate the price? Claim to use a lagging system if use lagging method last week increase crude were at USD49 – 51 3 weeks ago. So this week should come down on price. Perhaps you should be the one who stop insulting our intelligence.
Last week crude price came down to USD46 – 48 price went up fine! This week crude price were USD46 – 48,50 and price remain unchanged. So what system you use to calculate price? Claim to use a lagging system if use lagging method last week increase crude were at USD49 – 51 3 weeks ago. So this week should come down on price. Perhaps you should be the one who stop insulting our intelligence.
Agree with Actman. Perhaps you are the one need to get your facts right! You should refer to product prices published in MOPS as benchmark and not crude prices. Even if crude, which crude benchmark are u using? None of the key marker crudes reflected what u said.
rakyat kena tipu lagi. All other oil producing countries sell far cgeaper
Where got facts? Ur boss hide the formula, where got facts? No transparency, where got facts?
Bila naik dipersalahkan kerajaan. Bila turun kenapa tak puji kerajaan? Ada yg dah turun. Kangkung dulu naik sekarang ni dah turun.
RM turun lagi….Puji jgn tak puji.
after mtr, kita kena syukur gomen bagi hadiah ini juga
the week before, crude dropped from $47 per barrel to $44.3 and they increased price. now from $44.2 back to $46.8 remains unchanged.
I use this as a reference to whether or not petrol will drop or not and usually it follows. but last week was just confusing
syukur! harga nasi lemak and char kuey teow didn’t go up. If petrol go up some more, all these will go up but never come down.
Hoping to throw some light into the subject, below are the daily ‘Market Price’ that I calculated for Ron95 based on MOPS, central bank’s exchange rates and top up with the premiums. I don’t expect them to be 100% accurate but the least pun patut ada 90% kua… Draw your own conclusions:
6/7: RM1.96
7/7: RM1.93
10/7: RM1.94
11/7: RM1.95
12/7: RM1.95
13/7: RM1.95
14/7: RM1.97
17/7: RM1.96
18/7: RM1.97
19/7: RM1.98
MYR was performing slightly better since 13/7 and that was the buffer that had saved us from a supposed-to-be increment for this week 4’s fuel prices.
Since 13/7, Msian fuel price was on par with the market price’s.
So in a way, yeah….cukur…..but week 3’s increment was a doozy. the increment was double of my result.
Some will not bother to read and calculate. Thanks.
I suppose the time WILL come when Malaysians no longer wait for Wednesdays to find out the price of petrol and diesel. And debate it to kingdom come. For now it is still a “new thing” and people are still engaged with matter. But in time, the floating price will be the new normal. Even comments here are now much reduced…
Last week’s average market price for ron95 was RM1.97. So, today onward’s Malaysian fuel price really is following the market price so to say.
Question is, why did we pay additional 2 sens for every liter since 13th Jul when the price really should be RM1.95 for every liter of ron95?
Donation to elites and ruler…lol
Pilih betul2 …lol
The weakening dollar does not mean the ringgit is strengthening
ali, the least u read but for the calculation part, if u accept the figures as listed, all u need is just calculate the weekly means and compare in any way you’d like.
it is high time that some should do away with baseless bashings and contribute intellectual comments.
to some who often wondered how the formula was calculated, it was given some time ago. all u have to do is just ‘Google’ it. Facebook won’t provide the answers and no, it’s not based on crude oil prices but it can be served as an indicator of the situation.
Price matters in commodity is there a future Options in commodity.