PetDag allocates RM500mil for capex in 2019

Talking capex: (from left) Syed Zainal, Arif and Petronas Dagangan CFO Norliwati Abd Wahab at the company’s AGM press conference. Part of the higher capex, compared to around RM300mil last year, will also see the expansion of its petrol station network by five to 10 stations. PetDag currently has 1,057 petrol stations nationwide.

KUALA LUMPUR: Petronas Dagangan Bhd (PetDag) has allocated some RM500mil for its capital expenditure (capex) this year, which will see refurbishments being carried out on its petrol stations and Mesra outlets with new concepts.

Part of the higher capex, compared to around RM300mil last year, will also see the expansion of its petrol station network by five to 10 stations. PetDag currently has 1,057 petrol stations nationwide.