Malaysia drops unsubsidised fuel prices 1 week after hike, citing increase in refined supplies马来西亚在提价一周后下调了非补贴燃油价格，理由是精炼油供应增加。
One week after prices were raised, Malaysia's finance ministry on Wednesday (Nov 4) evening announced reductions to its unsubsidised fuel rates for the week of Nov 5 to 11.In its weekly fuel price announcement, the ministry said prices of unsubsidised Ron95 and Ron97 will fall by 15 sen and 20 sen respectively, while unsubsidised diesel rate will fall by 15...
One week after prices were raised , Malaysia's finance ministry on Wednesday (Nov 4) evening announced reductions to its unsubsidised fuel rates for the week of Nov 5 to 11.
In its weekly fuel price announcement, the ministry said prices of unsubsidised Ron95 and Ron97 will fall by 15 sen and 20 sen respectively, while unsubsidised diesel rate will fall by 15 sen.
The price of unsubsidised diesel, Ron97 and Ron95 now stand at RM5.12 (S$1.61), RM4.70 and RM4.27 respectively
Prior to last week's hike, unsubsidised fuel prices had fallen for two straight weeks , with the ministry explaining then that this was due to doubts on oil supplies and volatile global oil prices.
It said this week's price reductions were due to the regional petroleum market showing signs of moderation following the increase in refined fuel supplies, including petrol and diesel stocks in Singapore.
"This development, together with the decline in Brent crude oil prices at the end of the Automatic Pricing Mechanism (APM) calculation period, points to the possibility of downward price pressures," the ministry added.
Malaysia uses the APM formula — introduced in 1983 to stabilise fuel prices in line with market fluctuations — when determining weekly petrol prices.
But the ministry also warned that geopolitical uncertainties in the Middle East may continue to pose risks to the stability of world petroleum prices.
Fuel subsidies are expected to remain high at about RM40 billion in 2027, it added.
Oil prices fell more than eight per cent to settle at their lowest in more than two months on Wednesday after President Donald Trump's Republican Party lost control of Congress in midterm elections , as investors bet that the shift in power could hasten the end of the US-Israeli war with Iran.
Brent futures settled US$8.98, or 8.7 per cent lower, at US$94.62 a barrel, while US West Texas Intermediate crude futures fell US$7.97, or 8.3 per cent, to US$88.12.
Both benchmarks closed at their lowest since Aug 31.
Trump now faces a choice between a negotiated exit and a riskier escalation.
A weakened Trump, facing a Democratic Congress able to constrain his military options , has greater incentive to seek a deal, said two sources close to Gulf government circles.
A full-scale assault on Iran now looks less likely, they said.
[[nid:750175]] editor@asiaone.com
在油价上涨一周后，马来西亚财政部于周三（11 月 4 日）晚间宣布下调 11 月 5 日至 11 日这一周的非补贴燃油价格。
该部在每周燃油价格公告中表示，非补贴汽油 Ron95 和 Ron97 的价格将分别下调 15 仙和 20 仙，而非补贴柴油的价格将下调 15 仙。
目前，未补贴柴油、Ron97汽油和Ron95汽油的价格分别为每升5.12令吉（1.61新元）、4.70令吉和4.27令吉。
在上周提价之前，非补贴燃油价格已经连续两周下降，当时该部解释说，这是由于对石油供应的担忧和全球油价波动造成的。
该公司表示，本周价格下调是由于新加坡汽油和柴油库存等成品油供应增加，导致区域石油市场出现趋缓迹象。
该部补充说：“这一事态发展，加上布伦特原油价格在自动定价机制（APM）计算期结束时的下跌，表明价格可能面临下行压力。”
马来西亚在确定每周汽油价格时，采用的是 APM 公式——该公式于 1983 年推出，旨在根据市场波动稳定燃油价格。
但该部也警告称，中东地缘政治的不确定性可能继续对世界石油价格的稳定构成风险。
报告还指出，预计到2027年，燃油补贴将维持在约400亿令吉的高位。
周三，由于唐纳德·特朗普总统领导的共和党在中期选举中失去对国会的控制权，油价下跌超过 8%，收于两个多月以来的最低点。投资者押注权力更迭可能会加速美国与以色列和伊朗之间的战争结束。
布伦特原油期货结算价下跌8.98美元，跌幅8.7%，至每桶94.62美元；美国西德克萨斯中质原油期货结算价下跌7.97美元，跌幅8.3%，至每桶88.12美元。
两大基准指数均收于8月31日以来的最低点。
特朗普现在面临着通过谈判退出还是风险更大的局势升级之间的选择。
两名接近海湾国家政府的消息人士称，特朗普的势力削弱，面对能够限制其军事选择的民主党控制的国会，他更有动力寻求达成协议。
他们表示，现在看来对伊朗发动全面进攻的可能性较小。
[[nid:750175]] editor@asiaone.com