Malaysia has the cheapest petrol in the region – report

September 9, 2019

C’mon, use more fuel.

Dateline 2019-07-22, Paultan.org:

Have you ever wondered how many litres of petrol you can buy with an average Malaysian salary? Well, good news, because Picodi Analysis has prepared a report that considers the average monthly salaries and petrol prices in 17 countries in the Asia-Oceania region, with the addition of Hong Kong (Brunei is left out here).

According to the report, Malaysia has the cheapest petrol in the region, where on average, one litre of petrol costs US$0.49 (RM2.05). Yes, RON 95 has stayed at RM2.08 per litre for several weeks now, but it wasn’t always the case earlier in the year prior to the government’s involvement.


Petroleum Dealers Ask Gov’t To Release Fuel Prices In Advance To Association

August 4, 2017

Dateline 2017-06-21, Malaysian Digest:

The Petroleum Dealers Association of Malaysia (PDAM) is suggesting for the government to release the retail fuel prices to the association, two days before the weekly fuel prices are announced.

Its president Datuk Khairul Annuar said this is to allow petroleum dealers to bargain for a better price of fuel accordingly with the petroleum producers.

“We got this idea from our Moroccan counterparts during a conference with international petroleum dealers yesterday. We hope we can emulate their method.

“We can accept the system where the retail prices of petroleum and diesel is set every Wednesday. But, we hope we can get the information on the price change two days prior, which is on Monday.

 


“People Will Adapt” – Says O&G Industry Expert On Weekly Ceiling Price For Fuel

May 2, 2017

Changing colours like a chameleon, much?

Dateline 2017-03-17, MalaysianDigest:

Malaysians are still in the dark about how the new fuel ceiling price will be implemented as the ministry has yet to announce the mechanism for the new system until April comes.

While reactions of several stakeholders towards the announcement has been covered in Malaysian Digest’s feature story, someone within the oil and gas industry shared with us a picture of how it will play out once the system is in place.

Nora, a financial analyst in the oil and gas industry, said that nothing would be particularly different for consumers as they will adapt regardless of what system is implemented.

“I don’t think anyone has that much energy to really monitor the ups and downs every week and how it would translate to cash flow or money availability.


Petrol prices not solely set by crude oil prices

August 20, 2015

Dateline 2015-07-02, Malaysiakini:

Petrol prices at the pump have gone up by 10 sen to RM2.15 per litre for RON95 and 20 sen to RM2.55 for RON97 for the month of July 2015. This is despite the price of Brent crude oil per barrel trending downwards for the month of June 2015 versus May 2015.

However, retail petrol prices have gone up because the price of Brent per barrel is only one component out of several which go into the calculation of the Mean of Platts Singapore (MOPS) benchmark price which is used under Malaysia’s managed float system which came into place on Dec 1, 2014.

From then onwards, retail petrol prices are set based on a month-to-month basis based on an average of MOPS prices plus a fixed margin for oil companies and retailers.

 


Removing the Gas Subsidy Crutch – Can Malaysia Do It?

August 7, 2012

Dateline 2012-XX-XX:

With the next general elections due by April 2013, and in light of recent political uncertainties, one crucial subject is relatively missing from public discussion: gas subsidies.

Gas is heavily subsidized in Malaysia, to the tune of $14 billion in 2008. [1] That keeps fuel prices in Malaysia at about USD$0.60 per liter for RON95[2], the regular unleaded fuel, while the premium RON97 goes at USD$0.91 per liter[3]. Diesel is priced at USD$0.56 per liter.[3]


The Star – Plan to Lower Gas and Power Tariffs

February 4, 2009

As I have commented in my previous entry, you can feel the  Hand of Jabba behind these announcements.

The Star Revise Gas Prices 2008-01-31

The Star Revise Gas Prices 2008-01-31

I’ve scanned the article from the Star. You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.


Gas Price Review

January 18, 2009

Taken from The Star, Dateline 2008-01-15:

The (Malaysian) Cabinet has agreed for the price of gas sold to the energy sector to be reviewed earlier than the scheduled revision in June.

The Star - Gas Price Review

The Star - Gas Price Review

But, during the last gas price review, when the price of gas went supposed to go up, nothing happened. Must be that laissez faire mechanism called political economics (my grouse for the the day).

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.