5% tax on petroleum products will affect market, warns Azmin

  • Nation
  • Wednesday, 7 Nov 2018

KUCHING (Bernama): The Sarawak government's move to impose a 5% sales tax on petroleum products produced in the state will not only affect Petronas, but also the market, says Economic Affairs Minister Datuk Seri Azmin Ali.

He said the matter should be discussed further, as any increase in costs due to additional tax would lead to lesser demand as it would be more expensive than products produced in other oil-producing countries.   

5 tax , Petroleum Products , Azmin Ali