MEAN OF PLATTS SINGAPORE (MOPS)*1

* As stated by Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad on Sept 25, 2008, the price mechanism is calculated using the Mean of Platts Singapore (MOPS) - Source: News Straits Times Press

However, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said on 9th Oct that the formula will be is subjected to change in October. Source: thestar.com.my

-LATEST NEWS -

2/12/08: Petrol and diesel down 10 sen
http://thestar.com.my/news/story.asp?file=/2008/12/16/nation/2815077&sec=nation

2/12/08: Fuel prices down another 10sen
http://thestar.com.my/news/story.asp?file=/2008/12/2/nation/20081202171959&sec=nation

23/11/08: Najib: Don’t expect too much
http://thestar.com.my/news/story.asp?file=/2008/11/23/nation/2624425&sec=nation

23/11/08: Petrol prices likely to come down by another 15 sen
http://thestar.com.my/news/story.asp?file=/2008/11/23/nation/2625168&sec=nation

19/11/08: Government not paying petrol subsidies
http://thestar.com.my/news/story.asp?file=/2008/11/19/nation/2580955&sec=nation

17/11/08: Fuel down by 15sen
http://thestar.com.my/news/story.asp?file=/2008/11/17/nation/20081117183055&sec=nation

31/10/08: Another 15 sen cut per litre for fuel from tomorrow
http://www.nst.com.my/Current_News/NST/Friday/Frontpage/20081031175251/Article/index_html

26/10/08: Cabinet has given okay for petrol price reduction, says Najib
http://thestar.com.my/news/story.asp?file=/2008/10/26/nation/2381323&sec=nation

14/10/08: Petrol prices reduced
http://www.nst.com.my/Current_News/NST/Tuesday/Frontpage/20081014182444/Article/index_html
http://thestar.com.my/news/story.asp?file=/2008/10/14/nation/20081014175211&sec=nation
http://www.sun2surf.com/article.cfm?id=26598

13/10/08: Oil rebounds in Asia Monday on Europe bank rescue plan...
http://biz.thestar.com.my/news/story.asp?file=/2008/10/13/business/20081013143807&sec=business

09/10/08: Further cut in pump prices likely, but new formula to be revealed
http://thestar.com.my/news/story.asp?file=/2008/10/9/business/2227147&sec=business

7/10/08: Prices of oil among the lowest in 8 months...
http://biz.thestar.com.my/news/story.asp?file=/2008/10/7/business/20081007143036&sec=business

Please feel free to contact us at my.petrol.watch@gmail.com

*1 Disclaimer : Information provide shall only be used as a rough guide and shall not be used against the author. The author will however strive to provide information as accurate as possible.

*2 Conversion rate is taken from FXHistory - Intrabank Average for USD --> MYR conversion.

* Prediction of next price is temporary stopped due to change of price index from Spot Oil Price to MOPS.