PDB to focus on inventory management

Big winners: N. Annambah, 43, (right) with her husband P.S. Mathialakan (second from right) posing with their grand prize in the Pump n Win campaign at the Sri Kembangan Petronas station. With them are Ibrahimnuddin (2nd from left) and retail business division senior GM Shaharuddin M. Sidek.

KUALA LUMPUR: Petronas Dagangan Bhd (PDB), the retail arm of the national oil company, is focused on optimising its inventory management as the firm seeks to keep a tight leash on cost amid an unpredictable crude oil market.

The price of crude oil remained 25% lower from where it was a year ago, despite an impressive 46% rally from its January low of US$28 a barrel to US$41 a barrel yesterday.