Jbee petrol pt2

[L23]

Hope price will drop a bit more 👍😄

 

Price still at 2.11 for Ron97.

[2BDriver]

http://www.themalaysianinsider.com/business/article/petronas-sets-january-crude-price-factor-at-rm18.80-per-barrel

Petronas sets January crude price factor at RM18.80 per barrel

Published: 13 January 2015

Petronas has set the price factor for Malaysian Crude Oil for January at US$5.30 (RM18.80) per barrel. – Reuters filepic.State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for January at US$5.30 (RM18.80) per barrel, up 50 cents from the previous month, a source with direct knowledge of the matter said today.

Petronas introduced a new official selling price (OSP) for its crude based on a basket of Malaysian crude oil grades Labuan, Miri Light and Kikeh effective January last year. – Reuters, January 13, 2015.

Edited January 13, 2015 by 2BDriver

[2BDriver]

Petrol Dealers Association skipped meeting with minister, says unhappy with Putrajaya

BY ANISAH SHUKRY

Published: 16 January 2015 12:59 PM

Petrol dealers say the best way to support them is to allow them to operate on consignment-stock basis instead of having to buy fuel stock in advance. – The Malaysian Insider file pic, January 16, 2015.The Petrol Dealers Association of Malaysian (PDAM) did not attend the meeting on fuel prices chaired by Domestic Trade, Cooperatives and Consumerism Minister Datuk Hasan Malek last Friday, adding that it would not have helped to solve their predicament anyway.

According to the meeting’s agenda, one of the topics they were to discuss was the losses that petrol dealers had incurred ever since Putrajaya changed the Automatic Pricing Mechanism (APM) to the float management system this year.

Association’s president, Datuk Hashim Othman, however, told The Malaysian Insider that PDAM had not sent a representative to the meeting because he had lost his phone last week and could not be contacted.

“I don’t know what transpired in the meeting. But it’s not like the minister could have done anything to help us,” said Hashim, referring to the losses petrol dealers were suffering.

 

“In the end, it’s the Ministry of Finance’s prerogative. The Ministry of Domestic Trade, Cooperatives and Consumerism can only advise and execute. So, even if we had spoken with them at the meeting, they could not do anything.”

Hisham said he had spoken to the Finance Ministry and the Prime Minister’s Office for two years about their woes, yet nothing had been done.

“Either they don’t understand the problems that we are facing, or they don’t bother about us. We’ve been talking about this issue for two years already with various ministers, including Datuk Ahmad Maslan, but nothing has happened. They are not concerned.”

According to Hashim, a petrol station would immediately suffer a loss of RM20,000 to RM100,000 each time lower fuel prices were announced. This was because they had already purchased their stock of fuel from oil companies upfront at a higher price.

“The best way to support us is to operate on a consignment stock basis, where we only pay the oil companies based on how much we sell. That way, it doesn’t matter whether fuel prices go up or down,” said Hashim.

With the implementation of a consignment-based system, petrol dealers do not have to pay oil companies to obtain the fuel stock. Instead, they collect commission on the volume they have sold.

The current system, however, forces petrol dealers to purchase the fuel stock beforehand, as determined by the oil companies, exposing them to financial risk should pump prices plunge.

Hashim said the small petrol dealers in rural areas were the most vulnerable, adding that if they had to shut down their operations, this would also be an inconvenience for the public.

“I’m very worried. I just came back from Sabah, and the dealers there are hardly making any money. They are getting very jittery. I don’t want anything unhealthy to happen.”

Last week, PKR secretary-general Rafizi Ramli had called for Putrajaya to adopt the consignment system, saying that there could no longer be any excuses that fuel prices cannot be revised on a weekly basis.

Putrajaya has resisted calls for weekly revisions of petrol and fuel pump prices despite the continued plunging of global oil prices, which have reached below US$50 a barrel last week, and is expected to be at US$40 a barrel by the end of the month.

It removed fuel subsidies early this month due to the tumbling of global oil prices and set up a managed float pricing system where prices would be set based on a monthly average price. The price would be announced at the end of each month for the following month.

Rafizi had previously alleged that Putrajaya made RM633 million in one month from the difference between world oil prices and the price Malaysians pay for petrol and diesel.

He said if the Barisan Nasional-led federal government refused to revise the system, it meant it wanted to maintain above-market prices to collect taxes from the commodities. – January 16, 2015.

[azlan96]

Shell V-Power Racing as of today is RM2.51/Litre

[Nightkids]

Shell V-Power Racing as of today is RM2.51/Litre

KNN.....less than 1 sinkieland dollars !!

[Voodooman]

Shell V-Power Racing as of today is RM2.51/Litre

How is the jams over the weekend?

[Hiphiphoray]

Went in on Sunday. 9am in, 4.30pm out.

 

Took roughly about 30 mins to clear each way.

 

Consider damn quick & smooth liao.........compare with the snail traffic i see on the PIE towards jurong this morning. In fact every morning.....lolllllllllll.

 

Exchange rate was 2.66. Pump Ron97 for RM2.11/ltr.......sibeh siong sia.

 

 

 

How is the jams over the weekend?

 

[Voodooman]

Went in on Sunday. 9am in, 4.30pm out.

 

Took roughly about 30 mins to clear each way.

 

Consider damn quick & smooth liao.........compare with the snail traffic i see on the PIE towards jurong this morning. In fact every morning.....lolllllllllll.

 

Exchange rate was 2.66. Pump Ron97 for RM2.11/ltr.......sibeh siong sia.

 

 

 

 

Thanks for the update, it looks like people are not going in due to the increased toll or the ongoing pay-your-summons exercise....

 

Had not been to JB for more than a month but may need to go this weekend.

[I2ici2i]

Went in on Sunday. 9am in, 4.30pm out.

 

Took roughly about 30 mins to clear each way.

 

Consider damn quick & smooth liao.........compare with the snail traffic i see on the PIE towards jurong this morning. In fact every morning.....lolllllllllll.

 

Exchange rate was 2.66. Pump Ron97 for RM2.11/ltr.......sibeh siong sia.

 

 

 

 

 

Went in on Saturday. Left home @ 9.45am (east coast), crossed JB immigration @ woodlands around 12pm. Go figure. Return last night @ 8pm 2nd link. no queue at all.

[Wyfitms]

went in last night 10pm, very smooth traffic

 

asked if can pump 95 but attendant says still cannot... must check with my friend where can managed to pump 95...

 

still, at RM 2.11, it is a very good price haha... somemore exchange rate is 2.7 heheh

[keanie]

Quite some time, haven't been to JB. Will go in probably in d next 2 weeks for CNY shopping n a good breakfast n lunch. Of course, top up fuel. Hopefully, by then VP Racing drops further so can give d vroom vroom a CNY treat. After all, d price is a steal as compare to Spore 😀

[cllq]

went in last night 10pm, very smooth traffic

 

asked if can pump 95 but attendant says still cannot... must check with my friend where can managed to pump 95...

 

still, at RM 2.11, it is a very good price haha... somemore exchange rate is 2.7 heheh

 

Usually Saturdays, when Shell is outta Ron 97. Went on Ron 95 twice.. In Taman Pelangi one.

[Wyfitms]

Quite some time, haven't been to JB. Will go in probably in d next 2 weeks for CNY shopping n a good breakfast n lunch. Of course, top up fuel. Hopefully, by then VP Racing drops further so can give d vroom vroom a CNY treat. After all, d price is a steal as compare to Spore 😀

 

do u feel the V pwr racing in MY is good?

 

i tried a full tank once and there was no increase in power or FC whatsoever

[cllq]

 

do u feel the V pwr racing in MY is good?

 

i tried a full tank once and there was no increase in power or FC whatsoever

 

The V Power there machiam our RON 98 here. LOL

[keanie]

 

do u feel the V pwr racing in MY is good?

 

i tried a full tank once and there was no increase in power or FC whatsoever

Some cars will have a difference on power n some don't. d first car I drove, I could feel d power n improve of pick up speed. but 2nd car I drove, don't feel much. As FC, there is no much difference. Understand tt once in a while is good to pump a full tank of VPower or VP racing which can clean d fuel system.

[azlan96]

Effective tonight Malaysia petrol price

 

RON95: RM1.70/L

 

RON97: RM2.00/L

[2BDriver]

Effective tonight Malaysia petrol price

 

RON95: RM1.70/L

 

RON97: RM2.00/L

Abang azlan96,

Thanks for the up-date, I'll wait for lower price tomorrow to save a little bit more

[2BDriver]

http://www.themalaymailonline.com/malaysia/article/ron95-and-diesel-down-to-rm1.70-tomorrow

KUALA LUMPUR, Jan 31 — Retail price for RON95 petrol and diesel will drop to RM1.70 tomorrow while RON97 will be sold at RM2.00 .

The drop is due to the monthly adjusting float that Putrajaya put in place after eliminating direct consumer fuel subsidies in December.

The announcement was made this evening by Deputy Finance Minister Datuk Ahmad Maslan, who used Twitter to broadcast the message on behalf of both the Ministry of Domestic Trade and Consumer Affairs as well as the Finance Ministry.

“Fuel (price) falls further starting Feb 1. RON95 RM1.70/L, diesel RM1.70 and RON97 RM2.00. More money for other expenditure/added investment!” he said.

RON95 is currently RM1.91 a litre while diesel is RM1.93. The higher grade RON97 petrol is RM2.11.

Pump prices are now determined by the monthly average oil price in the preceding month. Brent crude oil closed this week at US$48.24 (RM175.20.)

Earlier this week, PKR MP Rafizi Ramli said that retail price of RON95 should have fallen to RM1.62 by now, noting that Singapore was charging RM1.63 for the comparable Mogas 95 Unleaded fuel.

The Pandan MP has accused Putrajaya of pocketing over RM1 billion in a hidden “fuel tax” as a result of the managed monthly float.