Good Articles to Share
15 sen fuel price rise likely in May
The increase in global crude oil prices over the past month, coupled with fluctuations in the ringgit value against the US dollar may result in fuel pump prices rising by about 15 sen per litre next month.
This should result in RON95 petrol rising to RM2.10 per litre from RM1.95 now – a price level that has stayed for two months now, since March this year.
The possible hike in RON95 pricing also means a return to the level seen for around a month in September last year as the government fuel subsidy tapered off amid a sharp fall in global crude oil prices. The fuel subsidy was scrapped as of Dec 1 last year.
With the market price managed float pricing regime in place now, diesel too is likely to see a 15 sen increase to RM2.10 per litre and RON97 may go to RM2.40 or even RM2.50.
The actual fuel pump pricing will be fixed by the government only next week and should the ringgit value rise against the US dollar, chances are that the price hike may be only 10 sen per litre rather than the projected 15 sen.
While the government has yet to release details of its monthly pricing formula, the uptrend is clear as the benchmark Brent crude is now trending at around US$63 per barrel compared to the average of US$55 in March.
February prices were the lowest as Brent crude had then averaged around US$45 per barrel.
http://www.therakyatpost.com/business/2015/04/21/15-sen-fuel-price-rise-likely-in-may/
More articles on Good Articles to Share
China firms plan up to $15 bln in overseas bond issues in Q4 on stimulus boost, say bankers
Created by Tan KW | Oct 03, 2024
Mozambique's presidential frontrunner likely to keep Rwandans protecting gas sites
Created by Tan KW | Oct 03, 2024
Minister Edwin Tong answers hard questions on Singapore football | Talking Point
Created by Tan KW | Oct 03, 2024
Biden, Harris travel to areas slammed by 'historic' Hurricane Helene
Created by Tan KW | Oct 03, 2024
Malaysia's plans to penetrate global integrated circuit design market
Created by Tan KW | Oct 03, 2024
Discussions
Be the first to like this. Showing 1 of 1 comments
Post a Comment
Featured Posts
Latest Videos
.png)
Apps
Top Articles
1
Mercury Securities Research
3
save malaysia!
4
save malaysia!
5
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
profit profits
with 2 b?y election, will they ?
2015-04-30 21:43