The price of Ron 95 has gone up for three consecutive weeks from Rm 2.13 a litre to Rm 2.16, to Rm 2.24 and to the current price of Rm 2.27.
Looking at the weekly candlestick chart of crude oil (WTI) price, in the previous week the price of crude oil dropped from US$53.18 a barrel to US$49.62 a barrel. I expect the price of Ron 95 to go lower at the coming Wednesday's announcement.
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