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.