KUALA LUMPUR: Petronas Dagangan Bhd (PDB) is allocating RM320 million in 2018 to set up 10 new stations and upgrade some of its 140 stations nationwide.
“Every year we are allocating RM400 million capital expenditure for business expansion, but 80 per cent will go towards adding new stations and upgrading the existing ones.
“With our new image that we are introducing at our stations and Kedai Mesra, it is now more modernised and more youngster-focused, in line with our customers’ needs and demand,” PDB managing director and chief executive officer Datuk Mohd Ibrahimnuddin Mohd Yunus told repoters after launching its annual Coffee Break campaign here today.
Ibrahimnuddin said the company remains prudent in managing its inventory cost in the environment of high volatility of crude oil.
He said due to the shortened inventory number of days to four to five days from the previous nine days have helped the company to ride over the volatility.
“PDB is more concern about the volatility of oil prices as it affects our inventory cost.
“But due to the reduced inventory number of days from nine days to slightly for to five days, we have been able to ride over the volatility of the market,” he said.
PDB’s annual Coffee Break campaign is part of its commitment to advocate road safety culture among motorists who will be travelling during the upcoming festive seasons.
For the coming Chinese New Year, the campaign will commence from February 14 to February 15 and resume from February 18 to February 19 at 141 Petronas stations nationwide.
There will also be a road safety advocacy programme by one of the campaign’s partner, the Road Safety Department.
The campaign is supported by PDB’s partners including Nestle’ Products Sdn Bhd, Delfi Marketing Sdn Bhd, Julie’s Marketing Sdn Bhd, Mondelez Malaysia Sales Sdn Bhd, Munchworld Marketing Sdn Bhd and Suntory Beverage & Food Malaysia Sdn Bhd.