Petron Malaysia bullish on market expansion
Petron Malaysia Refining & Marketing Bhd is optimistic that its market share will further grow as a result of new product launches and aggressive growth strategy.
According to an article published on The Star Online, the Malaysian oil company expects to open 20 more gas stations in the country in the next two years while ten are expected to be in operations by year-end. Petron Malaysia currently has 570 petrol stations nationwide.
Petron Malaysia has been able to gain 15% market share in four years, and “from zero to a very reputable brand today”, said Faridah Ali, head of retail business.
The company has also recently launched its newest fuel, Petron Turbo Diesel Euro 5, a premium plus diesel fuel with seven per cent palm oil methyl ester. Currently available in 14 stations in the Klang Valley and Johor, it will soon be available at 70 petrol stations more by end of 2016.
