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In Might 2022, we ran a narrative highlighting the value of unregulated gasoline within the nation, which had climbed in relation to the retail value of RON 97 petrol reaching a then stratospheric RM4.70 per litre (it was to ultimately climb to RM4.84 per litre in June that 12 months). Issues have in fact improved considerably for the latter, with the gasoline now at RM3.47 per litre in February 2024, its value having remained as such because the finish of December 2023.
Again then, the particular unregulated Euro 4M fuels, Petron’s Blaze 100 and Shell’s V-Energy Racing, went for RM5.60 and RM6.20 per litre respectively, costs that that certainly would have seen just a few die-hards persevering with to make use of them. Quick ahead practically two years in, and issues look fairly the identical close to their pricing. Each fuels have all the time had a marked value premium over RON 97, and that is adjusted relative to the rise or drop within the value of RON 97.
Within the present weekly gasoline replace (for February 15-21, 2023), Petron’s Blaze 100 goes for RM5.00 per litre, whereas Shell’s V-Energy is presently priced at RM6.10 per litre. The Blaze 100 value is a marginal improve from the RM4.90 it has been at for the previous few months, as indicated by the historical past of the worth tracker on our web site.
As for V-Energy Racing, issues have usually hovered across the RM6 plus area because the particular gasoline had a 60 sen hike from RM5.80 to RM6.40 per litre on the finish of December final 12 months. Provided that the pricing of each have continued to remain at these value ranges, one actually wonders what number of are literally utilizing the gasoline (as a Blaze 100 consumer for considered one of my automobiles, I’ve lengthy given up).
With crude oil costs having dropped since these heady days of mid-2022, and now usually stabilised, some may query why Blaze 100 and V-Energy Racing are nonetheless priced as excessive as they’re. Whereas being particular unregulated fuels imply that their pricing will be just about outlined by their producers, the efficiency of our Ringgit in relation to overseas change possible has fairly a bit to do with that. It’s not precisely good going for our forex when it comes to conducting commerce, and never only for oil, we determine.
So, practically two years on, we’re curious to know if any reader continues to be utilizing these two unregulated fuels. In case you are, share your ideas on why with us. By the way, we don’t anticipate their costs to fluctuate by a lot when blanket gasoline subsidies are eliminated and the focused gasoline subsidy mechanism – which is able to current a totally completely different state of affairs involving a broad spectrum of customers – is launched within the second half of this 12 months. Then once more, you by no means know.
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