Tag Archives: RON97 price

Will RON97 Price Fall In Future?

Previously, our government announced that the price of RON97 will be floated in accordance to the crude oil price and adjustment will be done per month basis. They also justified heavily that the subsidy will be cut so that the saving can be used for other more useful project for country development. However, this is not followed tightly. This is because RON97 had not experience any changes even though the oil price had increase more than 4% (from US$100.29 to US$104.35) last month.

crude oil up

Based on the historical chart, I would say that the weighted average of oil prices for beginning of every month is higher than the previous month in this year, given that oil price were hovering at the upper levels. For our RON97 prices to come down, the market prices need to stay low long enough to make the impact. This is because short 1-day or 2-days dips cannot make any difference if the prices keep on rebounding the next day.

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RON 97 Fuel Price Increased Again !

If you are using RON 97 petrol, then you need to pay extra 20 cents to RM 2.70 per litre effective midnight of April 1, 2011. Luckily, the price of RON 95 is remaining the same at RM 1.90 per litre else more Malaysia citizens will suffer.

Petrol-Price-In-Malaysia

Last year, our government had announced that the price of RON 97 will be based on the international oil market without subsidiary. Based on current oil prices, we know that the global oil price was increased to US$114 per barrel. I still remember the previous highest RON97 price is at RM 2.70 in year 2008, when global oil prices hit a record high of US$121 per barrel.

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