Petronas Dagangan Bhd (PDB) is to invest some RM350mil from now to March next year to open 60 to 70 more petrol stations or Petronas service centres nationwide.
PDB managing director and chief executive officer Ibrahim Marsidi said the expansion was in line with the increasing petrol consumption propelled by the increase in the number of vehicles and the growth in the local shipping industry.
PDB to date has opened 690 service centres nationwide.
“We are confident that PDB will continue to chart positive growth in sales for the financial year ending March 31, 2005,” he said after the launch of a service centre in Kota Damansara yesterday.
PDB is Petronas’ local distribution arm for petrol, diesel, kerosene, paraffin and liquid petroleum gas.
PDB has teamed up with Malayan Banking Bhd (Maybank) and A&W restaurant operator KUB Bhd to launch the first Petronas service centre which features a Maybank branch and drive-in ATM service, an A&W outlet and the regular Mesra service. These facilities operate round the clock .
Ibrahim said PDB was expected to start another such three-in-one service centre in Klang Valley soon.
Maybank has to date set up 57 ATM and 32 e-Kawanku centres at Petronas service centres.
Ibrahim said the company had yet to see signs of crude oil prices going down.
KUB managing director and chief executive officer Izham Yusoff said the group planned to open 15 new outlets this year. He said the expansion programme both locally and in Thailand would generate 10% to 15% growth in revenue this year.