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Petronas Dagangan to review NGV business amid declining demand

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The reduction of between 15 and 20 per cent in demand yearly pushes the company to re-look this business.

Petronas Dagangan Bhd is reviewing its natural gas vehicle business following the decreasing demand nationwide, said managing director Syed Zainal Abidin.

"We've seen in the last couple of years the demand has declined, that is something we are reviewing and discussing with the government on what would be the next form of alternative energy for vehicles. He was met after launching the Petronas Mesra and AirAsia BIG two-way conversion points event. Also present were AirAsia Group Bhd chief executive officer Aireen Omar and AirAsia BIG CEO Spencer Lee.

He said the move would provide long-term sustainability for the company, noting the standard benchmark of revenue in the region currently stands at around 40 per cent.

 

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