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Petrol Prices Expected To Climb Next Month, Says PDAM
A report from the Malaysian Digest suggests that the RM1.70 for RON95 petrol we enjoy this month, may be on the up come the 1st of March, 2015, when new prices are announced.
As of February 1st, 2015, Malaysians pay RM1.70 per litre for RON95 petrol and diesel, while RON 97 is sold at the pump for RM2.00 per litre.
These prices are determined by a managed float system that’s based on the monthly average of global crude oil prices for the preceding month. The new managed float system was put in place by the government late 2014, after it had fully removed fuel subsidies which was reported to cost the government some RM20 billion a year.
The speculation now exists because global crude oil prices have just been reported to have risen to US$60, where it was US$48 in the previous month. President of the Petrol Dealers’ Association of Malaysia, Datuk Hashim Othman, told the Malaysian Digest (MD) that based on that point, he too expects a price increase at the pump.
Come February 28th, 2015, likewise March 31st, 2015, we’ll know for sure
Read more at http://www.carlist.my/news/petrol-prices-expected-climb-next-month-says-pdam/7600#cDxGoyIIG5vDbQwU.99
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1 person likes this. Showing 4 of 4 comments
Dont expect the government to care for Rakyat anyway. They would just increase and decrease as they like, irrelevant to the market price anyway.
2015-02-28 08:39
fill up all your cars today. buy if you think price is going up. same principle with share trading.
2015-02-28 09:41
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Hi !Good Morning,shi fu....Thanks.
2015-02-28 08:32