{"id":466844,"date":"2020-02-12T12:54:02","date_gmt":"2020-02-12T12:54:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=466844"},"modified":"2020-02-12T12:54:02","modified_gmt":"2020-02-12T12:54:02","slug":"malaysian-petrol-retailers-expecting-change-in-industry","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/malaysian-petrol-retailers-expecting-change-in-industry_466844.html","title":{"rendered":"Malaysian Petrol Retailers Expecting Change in Industry"},"content":{"rendered":"
\"Malaysian<\/a><\/div>\n

12 Feb, 2020 – Kuala Lumpur –<\/strong> Since September last year, there has been rumours that BHP petrol stations will be sold off. This year, news are circulating that there is a private petrol company that has acquired the license to operate petrol stations, starting in March.<\/p>\n

This also means that there will be 6 petrol station brands on the market, from the initial 5 (Petronas, Shell, Caltex, Petron and BHP).<\/p>\n

There is no news about the name or brand of the 6th addition. Since ProJET left Malaysia in 2007, the market has always been split between 5 players. With the addition of a newcomer, the initially comfortable market can expect fresh competition.<\/p>\n

Nevertheless, this is a good news for both petrol station operators and consumers. More competition means more promotions by all companies to attract customers.<\/p>\n

A source has shared that the new petrol station company will offer greater perks for operators, who worry for the uncertainties in their current petrol company’s internal operations and future.<\/p>\n

He shared that most petrol suppliers impose stringent rules on operators. They have no choice but to accept it, since a deal with any other company is just as unfavourable.<\/p>\n

“For example, the smallest petrol station brand on the market, with 400+ outlets around the nation, has ceased all promotional activities since last year, after rumours of a company acquisition broke out.”<\/p>\n

He also shared that since the company’s Managing Director retired 2 months ago, there has only been an acting MD in place. Many from upper management has left the company, including at least 3 Territory Managers and a Head of Lubricants.<\/p>\n

“In the past, the company rarely invested in brand awareness and promotions. Now that there is another option on the market, we can expect better days for petrol station operators.”<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Int PR and Marketing Co<\/a>
Contact Person:<\/strong> Media Relations
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 0173267945
Country:<\/strong> Malaysia
Website:<\/strong> https:\/\/www.facebook.com\/groups\/146650642795488\/<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

12 Feb, 2020 – Kuala Lumpur – Since September last year, there has been rumours that BHP petrol stations will be sold off. This year, news are circulating that there is a private petrol company that has acquired the license … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401],"tags":[],"class_list":["post-466844","post","type-post","status-publish","format-standard","hentry","category-Business"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/466844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=466844"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/466844\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=466844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=466844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=466844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}