‘Petroleum products will be affected by proposed tax’

KUCHING: The state government’s proposed 5% sales tax on petroleum products may adversely impact the competitiveness of these products in Sarawak, Economic Affairs Minister Datuk Seri Mohd Azmin Ali said.

Any cost increase through the imposition of the additional tax would cause these products to be no longer attractive as they would become more expensive than similar products from other oil-producing states, he said.