Sunday, 30 April 2017

Petrol Price in Review (Mar 30 - May 3, 2017)


Just a short summary what we have been through on the weekly fuel price.

Mar 30 Apr 6 Apr 13 Apr 20 Apr 27
RON95 (RM/litre) 2.13 2.16 2.24 2.27 2.21
RON97 (RM/litre) 2.41 2.43 2.52 2.54 2.49


Do you think it is a fair mechanism on the weekly fuel price adjustment?  Looking at the trend, it indeed is better, and if each petrol kiosk can freely provide discount or their other marketing strategy to make it competitive, it will even be better.  In Taiwan, petrol kiosks are so competitive that some give out free morning paper or breakfast sandwiches during the morning rush hours, tissue paper during the night, or even drinking water in the afternoon.