There will be only two choices according to the report by The Star about all petroleum product price. Either it will be maintained or increased. So do not dream for decreasing of petroleum price in Malaysia.
The revision will be conducted by the ministry and other agencies such as the finance ministry and the Performance Management & Delivery Unit (Pemandu) would determine whether the prices would be maintained or increased, depending on the government’s subsidies.
The last revision they had for diesel, LPG and RON95 was in December.
Well…are you ready for a new high for Ron97 and maybe… Ron95 as well? I am ready. We as a Malaysian..we should be ready! After all, our price will remains cheaper than many other counties (except Brunei).
By the way, above is the latest futures crude oil price chart. Is it looks BULLISH?