What is the projected RON95 price for next month?

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Projected RON95 Price for Next Month

The price for RON95 petrol is anticipated to decrease next month, reflecting a decline in global crude oil prices. The government currently bases fuel prices on a monthly average, with the new rates taking effect the month after calculation. Beginning January 1, the government will transition back to a weekly pricing mechanism for RON95 petrol.
Expected Price Reduction

The Finance Minister has indicated that the price of RON95 petrol is expected to be lower in the upcoming month. This adjustment is directly attributed to a significant drop in global crude oil prices. While a specific figure for next month's price has not been provided, the trend suggests a reduction from current levels.
Shift to Weekly Float System

A notable change in fuel price determination will occur from January 1 onwards, with the government reverting to a weekly float system for RON95 petrol. This move contrasts with the current practice of setting prices based on a monthly average, which means price changes will be reflected more frequently.
Price Controls Under Weekly Float

Under the new weekly float system, any increases in world oil prices will be managed. Specifically, the retail price for RON95 petrol will be capped, with any rise limited to RM2.20 per litre. This measure aims to provide a degree of predictability and stability for consumers amidst fluctuating global oil markets.
Previous Pricing Mechanism Claim

Separately, former Prime Minister Najib Razak has claimed that, based on the Automatic Pricing Mechanism (APM) implemented during his administration, the RON95 price should currently be RM1.86 per litre. He cited a fall in the average Mean of Platts Singapore (MOPS) price for RON95 petrol as the basis for this assertion.

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What is the projected RON95 price for next month?

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