Increase Petrol Price mean More $aving per Year for NGV users!
By refering to my posting http://philipngngv.blogspot.com/2005_12_01_archive.html
With the increase of petrol price by 40%
My latest saving as at June 2008 is
Price per Kilometer comparision
Petrol RM0.22 / km (Before Increase RM1.92)
Petrol RM0.31 / km (After Increase RM2.70 increase 40%)
NGV RM0.06 / km
Saving of RM0.16 /km (Before Increase RM1.92)
Saving of RM0.25 /km (After Increase RM2.70 increase 40%)
that is about 73% saving (Before Increase RM1.92)
that is about 80% saving (After Increase RM2.70 increase 40%)
If I were to drive 60km daily for 30 days per month.
Total distance 60 x 30 = 1800km
Total fuel price consume per month:Petrol RM0.22 x 1800 = RM396 (Before Increase)
Total fuel price consume per month:Petrol RM0.31 x 1800 = RM558 ( After Increase)
Natural Gas(CNG) RM0.06 x 2100 = RM108
Saving per month is RM288 (Before Increase RM1.92)
Saving per month is RM450 (After Increase RM2.70 increase 40%)
Yearly Saving RM288 x 12 = Rm3456
Yearly Saving RM450 x 12 = Rm5400
The above calculation is base on my car condition in 2006. Now is 2008, let reduce the saving by 10% due to the reason, the get car older and become inefficient in fuel consumption.
Yearly Saving Rm3456 x 0.90 = RM3110
Yearly Saving Rm5400 x 0.90 = RM4860
With the additional rebate of RM625 upon paying road tax for car below 2000cc , my saving per year would be
RM4860 + Rm625 = RM5485 per year
Per Month Saving RM5485/12 = RM457
Investment Point of View
If you were to get RM457 per month from bank for Fixed Deposit at 3.7% per year, you have to deposit RM148,243 in bank.
Dear Malaysian, for an average income family, do you think you have RM148,243 in Bank?
or willing
to invest around RM2900 to RM3200 for Carburetor Car
or invest around Rm5500 to RM6500 for Fuel Injection Car
for NGV Conversion.
Installment available for credit card user. Use the saving for installment. Probably you got extra $ after paying the installment .
Worries?
1)Stop worry about queue ?
You can always find the right time to pump NGV. Furthermore, more and more has been built lately which mean less queue. The best about converting to NGV, you still have the option to use petrol, just in case run out of gas.
2) Worry no power?
Visit our forum. http://www.ngvcommunity.com
on ways to increase power.
Why wait?
With the increase of petrol price by 40%
My latest saving as at June 2008 is
Price per Kilometer comparision
Petrol RM0.22 / km (Before Increase RM1.92)
Petrol RM0.31 / km (After Increase RM2.70 increase 40%)
NGV RM0.06 / km
Saving of RM0.16 /km (Before Increase RM1.92)
Saving of RM0.25 /km (After Increase RM2.70 increase 40%)
that is about 73% saving (Before Increase RM1.92)
that is about 80% saving (After Increase RM2.70 increase 40%)
If I were to drive 60km daily for 30 days per month.
Total distance 60 x 30 = 1800km
Total fuel price consume per month:Petrol RM0.22 x 1800 = RM396 (Before Increase)
Total fuel price consume per month:Petrol RM0.31 x 1800 = RM558 ( After Increase)
Natural Gas(CNG) RM0.06 x 2100 = RM108
Saving per month is RM288 (Before Increase RM1.92)
Saving per month is RM450 (After Increase RM2.70 increase 40%)
Yearly Saving RM288 x 12 = Rm3456
Yearly Saving RM450 x 12 = Rm5400
The above calculation is base on my car condition in 2006. Now is 2008, let reduce the saving by 10% due to the reason, the get car older and become inefficient in fuel consumption.
Yearly Saving Rm3456 x 0.90 = RM3110
Yearly Saving Rm5400 x 0.90 = RM4860
With the additional rebate of RM625 upon paying road tax for car below 2000cc , my saving per year would be
RM4860 + Rm625 = RM5485 per year
Per Month Saving RM5485/12 = RM457
Investment Point of View
If you were to get RM457 per month from bank for Fixed Deposit at 3.7% per year, you have to deposit RM148,243 in bank.
Dear Malaysian, for an average income family, do you think you have RM148,243 in Bank?
or willing
to invest around RM2900 to RM3200 for Carburetor Car
or invest around Rm5500 to RM6500 for Fuel Injection Car
for NGV Conversion.
Installment available for credit card user. Use the saving for installment. Probably you got extra $ after paying the installment .
Worries?
1)Stop worry about queue ?
You can always find the right time to pump NGV. Furthermore, more and more has been built lately which mean less queue. The best about converting to NGV, you still have the option to use petrol, just in case run out of gas.
2) Worry no power?
Visit our forum. http://www.ngvcommunity.com
on ways to increase power.
Why wait?
posted by Philip Ng at
9:54 AM
44 Comments:
if the car model is wira, how much need to set up ...
By
Anonymous, at 10:14 PM
I saw the saving, I also saw the opportunity in this potential business
By
Anonymous, at 3:59 PM
Philip can you recommand a good and reliable NGV Kit installer
By
jeffreyJS, at 6:52 PM
Please visit http://www.ngvcommunity.com and join the forum for more information.
Some installer information are available under the NGV Locator.
Reliable installer http://www.ngv.com.my
Currently many installer are rushing for installing. So mean, the quality will be poor , beware and caution.
Better get a good installer.
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Philip Ng, at 1:10 PM
pls advice the cost to instal the system in mercedes 300E (1991) and Toyota Prado (1995) and the correct system use.
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shwong, at 10:50 PM
great tips ... really appreciate the amount of work you put into this. to share this useful info with more people, I have linked to your blog post from saveandinvest.my, a site for Malaysians to share money saving tips.
It's posted here:
Petrol : Tips on which Malaysian cars can support NGV Conversion
Thanks!
mumblerumble
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Anonymous, at 4:33 AM
Hi Phillip, My name is Edwin and I would like to introduce you to our first in the world NGV conversion kit. Read my brief introduction on www.ednonymous.blogspot.com
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Ednonymous, at 2:36 PM
Well, the increase petrol price also means a great loss for many other people.
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