In a filing with Bursa Malaysia, PetDag said revenue from its retail segment rose by RM95.1mil due to the higher sales volume recorded, which was mainly contributed by diesel.
KUALA LUMPUR: Petronas Dagangan Bhd
has set aside a higher capital expenditure (capex) of RM500mil for this year and plans to capitalise on the ride-hailing trend to boost sales.
The domestic marketing arm of Petroliam Nasional Bhd, which allocated RM300mil for capex last year, will however continue to spend a large portion of it on adding more petrol stations and refurbishing its existing stations as well as Mesra convenience stores.
Petronas Dagangan chairman Datuk Md Arif Mahmood said the company would continue to strengthen its position and planned to add about 10 new petrol stations to the existing 1,057 stations nationwide.
Last year, Petronas Dagangan opened 12 petrol stations. - Bernama
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