Wednesday, September 6, 2017

Ron95 - Up again. Why?

Government has just announced the new price for Ron95 from 7 September to 13 September. It is Rm2.20 a litre, up 4 sens.

Since the starting of August, world crude oil prices have been dropping until the current week and yet our Ron95 prices have been moving up continuously from Rm2.07 to Rm2.20.


Looking at the previous week's weekly candlestick for crude oil WTI, the high is US$48.20, low is US$45.58 and it closed the week at US$47.29


Comparing these prices with its previous weekly candlestick high of US$48.75, low of US$47.03 and closing of US$47.87, I really don't understand why the price can go up by 4 sens. I feel that the government should make public the way they compute the prices.

.
at

2 comments:

  1. Jason LimSeptember 10, 2017 at 12:30 AM

    Gov says currency exchange rate is also considered in the calculation. The calculation should be made public, I agree. To me, it's all BS from our gov.

    ReplyDelete
  2. Chan Kwang YewSeptember 10, 2017 at 6:31 PM

    But since may 2017 the exchange rate has been very steady with little fluctuation and has been staying around Rm4.27 to 1US$. If there is nothing hanky panky, they should make public their calculation.

    ReplyDelete