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3,500 petrol stations suffered RM181 million in losses after diesel subsidy rationalisation – association

  • 3,500 petrol stations in Peninsular Malaysia have sustained losses amounting to RM181 million since the floating of diesel fuel pricing in June this year.
  • The subsidy rationalisation for diesel fuel in Peninsular Malaysia has posed a severe economic challenge for petrol station operators.
  • 98% of petrol stations are reportedly suffering losses from petrol and diesel sales, leading to a shift towards convenience store operations.
  • Closure or scaled-down operations of petrol stations may result in higher unemployment rates and reduced government revenues.

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