BY ALEXANDER WONGKUALA LUMPUR, March 19 — Five Petroleum Malaysia Sdn Bhd has announced the launch of Five, a new petrol brand in the country. It aims to revolutionise the local petrol industry and it will feature a mobile app that offers cashless payments.
The newly licensed and homegrown petrol company aims to offer smaller and easier station setup for new entrepreneurs. This could possibly mean a lower barrier to entry compared to other mainstream petrol brands. As a result, more stations can be opened in more remote areas, making fuel supply more accessible. According to Five, this could further boost Malaysia’s economy by providing more entrepreneurial opportunities in the market.The team behind Five isn’t new in the petrol industry.
The first petrol station is located at Kalumpang, Selangor, which is close to Tanjung Malim in Perak. It is scheduled to be open for business in March 2020. —