BACK­ING FOR NEW MECH­A­NISM

PetDag says will also con­sider of­fer­ing petrol dis­count af­ter gaug­ing market re­sponse

New Straits Times - - Business - OOI TEE CHING KUALA LUMPUR bt@me­di­aprima.com.my

PETRONAS Da­gan­gan Bhd (PetDag) will gauge market re­sponse to the new fuel ceil­ing price mech­a­nism be­fore seek­ing gov­ern­ment ap­proval to of­fer petrol at a dis­count.

The new mech­a­nism, in which petrol and diesel prices will be an­nounced weekly in­stead of monthly, be­gins to­day.

PetDag man­ag­ing di­rec­tor and chief ex­ec­u­tive of­fi­cer Mohd Ibrahim­nud­din Mohd Yunus said the Do­mes­tic Trade, Co­op­er­a­tives and Con­sumerism Min­istry had re­quested deal­ers to seek the min­istry’s ap­proval be­fore of­fer­ing fuel at dis­counted prices.

“We have not de­cided on any­thing yet be­cause it is still at a very early stage,” he said at the launch of Kad Mesra Grab, a loy­alty pro­gramme by PetDag and Grab Malaysia, here, yes­ter­day.

The min­istry had ear­lier said the weekly petrol and diesel prices would be an­nounced ev­ery Wed­nes­day, and the prices would come into ef­fect af­ter mid­night.

Ibrahim­nud­din said PetDag fully sup­ported the mech­a­nism.

“When prices are fixed on a weekly ba­sis, it will be more re­flec­tive of the market. Hope­fully, the pric­ing will not fluc­tu­ate much from week to week.”

Mean­while, the col­lab­o­ra­tion be­tween PetDag and Grab will al­low Grab driv­ers to en­joy fuel sav­ings and re­ward points for pur­chases at Petronas sta­tions.

EIZAIRI SHAMSUDIN PIC BY

Grab Malaysia coun­try head Sean Goh (se­cond from left) ex­chang­ing doc­u­ments with Petronas Da­gan­gan Bhd (PetDag) head of re­tail busi­ness Aadrin Azly at a sign­ing cer­e­mony in Kuala Lumpur yes­ter­day. With them are PetDag man­ag­ing di­rec­tor and chief ex­ec­u­tive of­fi­cer Mohd Ibrahim­nud­din Mohd Yunus (right) and Grab Group head of busi­ness de­vel­op­ment Reuben Lai.

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