With the increase in crude oil price, naturally, the March 2015 announcement of petrol price will follow suit. A RM0.25 increase per litre across all grades, making RON95 RM1.95/litre and RON97 RM2.25/litre. Some petrol kiosk has even stop selling trying to reap in the profit now. Our businessmen are mostly unethical, where during announcement of price drop, they star complaining about their loses, but when the price increases, they try all ways to reap the benefit. In Malaysia, keeping 3-day of stock is a regulation and this line of business is regulated. The government should heavily fine them or put them in jail.
Looking at Brent Crude Oil price now, it is about 18% difference from previous month. Thus the RM0.25 increase is about right!
