Malaysia's Petronas: There Is No Petrol Demand Decrease

Malaysian petroleum retailer Petronas Dagangan does not see a decrease in the demand for petrol despite high prices, reports PetrolWorld, quoting the firm's senior general manager.

Mohammed Samad, Petronas Dagangan's senior general manager, was quoted by the news source as saying that the public has become used to the inflated fuel prices and has accommodated it into their everyday expenditure.

Mr Samad noted that the Malaysian government fixes the price of petrol at the pump and that Petronas Dagangan was doing all it could to alleviate the increased burden on the public by offering cost-effective products like Primax-3, reports PetrolWorld.

Mr Samad added that the company is planning to set up 50 more petrol stations in Malaysia by March 31, 2009. Each station will cost between MYR3 million and MYR5 million, while each large format hyper-station will cost between MYR5 million and MYR8 million, according to the news source.