Dip in fuel prices, MCO may see petrol stations close, says group

Out of curiosity, did any stations shutdown the last time PDAM made a statement?

Dateline 2020-03-26, FMT:

 The country’s main association for petrol dealers says it fears the bulk of some 3,800 stations nationwide will have to suspend operations due to financial issues related to the “double whammy” of consecutive drops in fuel prices and the loss of traffic due to the government’s movement control order (MCO).

Petrol Dealers Association Malaysia president Khairul Annuar Abdul Aziz told FMT the sale of fuel products is down by 70%.

On average, he said, a station needs a working capital of RM150,000 to RM200,00 a month to buy fuel.

Operating costs, including utilities and staff wages, are around RM30,000 to RM70,000 depending on the size of the station.

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