Twin threats may weigh down PetDag’s prospects

CGSI Research said the potential entry of Aramco could heighten competition and promotional activity in Malaysia.

PETALING JAYA: Petronas Dagangan Bhd’s (PetDag) medium-term prospects appear challenging in the face of a potential reduction in fuel subsidies.

In addition, the risk of rising competition if Saudi Aramco were to take over Shell’s network of fuel stations in Malaysia could also weigh down the outlook for PetDag.