Petron added to list of government fuel suppliers

Chan Kok Leong Chan Kok Leong Updated 7 years ago · Published on 30 Aug 2018 4:31PM · 5 Comments

A letter posted online says the Finance Ministry has appointed Petron Fuel International Sdn Bhd as one of the fuel suppliers of government vehicles. – The Malaysian Insight file pic, August 30, 2018.

PETRON Malaysia Refining & Marketing Bhd has been appointed one of three fuel suppliers to the government, according to a letter posted online.

The Finance Ministry letter, dated August 23, was addressed to Petron Fuel International Sdn Bhd.

“The Finance Ministry has decided to appoint Petron Fuel International Sdn Bhd as one of the fuel suppliers of government vehicles using a supply card,” read the letter signed by Shuhaimi Endut.

 “The appointment is to give more choices for the government.” 

The other suppliers are Petronas Bhd and Shell Malaysia Trading Sdn Bhd.

An government official said Petron was only added to give the government more options.

At 4pm, Petron was up 13 sen to RM8.15 on Bursa Malaysia.

Petron is the largest oil refining and marketing company in the Philippines.

The company entered the Malaysian market in March 2012 when it bought Exxon Mobil’s downstream operations. In January 2013, Petron began operations in Malaysia by rebranding all Esso and Mobil stations across the peninsula.

The company was also, at one time, linked to Prime Minister Dr Mahathir Mohamad’s son, Mirzan.

In 2010, Petron in the Philippines was majority-owned by San Miguel Corporation (SMC), where Mirzan had been a board member.

Mirzan became a board member when one of the companies he had incorporated, Q-Tech Alliance Holdings Inc, acquired a 19.9% stake in San Miguel in 2009.

The eldest son of Dr Mahathir, who had also been a Petron board member, resigned his position in SMC in 2010.

He resigned as board member of Petron in April 2010. 

In a filing to Bursa in 2013, Petron said Mirzan did not hold any shares in Petron Malaysia and did not hold any positions in the company.

Meanwhile, the Finance Ministry later clarified that Petron Fuel International would not be the sole supplier of petrol and diesel for federal government vehicles.

The ministry in a statement said Petronas and Shell remained suppliers for petrol and diesel for federal government vehicles.

“The appointment was made via an administrative measure as it relates to operational matters and does not involve any financial implications to the government.

“With this approval, the government obtains more choices between Petronas, Shell and Petron, and this will open more opportunities and healthy competition among petrol and diesel suppliers,” the statement said.

The ministry also said the government does not have a limit for the number of suppliers, adding other capable suppliers with a wide network of stations throughout the country could also apply. – August 30, 2018.
 

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Comments

  • Daddykasi? Hopefully not.

    Posted 7 years ago by Azlan Romly · Reply

  • Come on TMI..be a bit more responsible in your reporting..What has a pic of a flooded Petron petrol station has got to do with the story???

    Posted 7 years ago by Edi suleiman · Reply

  • Have we run out of stock photos?

    Posted 7 years ago by Arul Inthirarajah · Reply

  • Wah ha ha ha ha ah haha ha ......

    Posted 7 years ago by TC BOY · Reply

  • It's not sole provider, agencies can still choose between Petronas, Shell and now Petron.

    Posted 7 years ago by Luke Skywalker · Reply