Petronas Dagangan sets higher capex of RM500 mil for 2019

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It says the higher penetration of ride-hailing users and the increasing number of energy efficient vehicles and hybrid vehicles have impacted fuel retailers.

Petronas is considering using its petrol stations to be pickup places for ride-hailing.

PDB chairman Md Arif Mahmood said the company would continue to strengthen its position and planned to add 10 new petrol stations to the existing network of 1,057 stations nationwide. Last year, PDB opened 12 petrol stations. Meanwhile, responding to a question on how the potential removal of RON95 petrol’s price cap would affect the company, he said that impact would only be visible after it comes into effect.

Earlier this week, Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said the cap on the RON95 price, currently at RM2.08, might be removed when a new petrol subsidy for Bantuan Sara Hidup recipients comes into effect.

 

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