Tuesday, May 9, 2017

Ron95 - Price to drop further

In the previous two weeks, Ron95 dropped from its high of Rm 2.27 a litre to Rm 2.21 and to Rm 2.11 in last Wednesday's announcement.

Looking at the previous week's weekly candlestick, crude oil price dropped from US$49.33 a barrel to US$46.22. In the coming Wednesday's announcement, petrol prices are expected to go lower.




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