Petronas to spend RM500mil to open new stations, expand retail services this year

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There are now more than 1,000 Petronas stations and 800 Kedai Mesra nationwide.KUALA LUMPUR: Petronas Dagangan Bhd (PetDag), the marketing arm of Petronas, has budgeted RM500 million of capital expenditure for the financial year ending Dec 31, 2021 (FY21).“We will renew some petrol stations, acquire new strategic sites and enhance our non-fuel business that includes Kedai Mesra and food services,” said head of retail business Khalil Muri.He said there are now more than 1,000 Petronas stations and 800 Kedai Mesra nationwide. The company intends to add five to 10 stations yearly to have the widest network in Malaysia.Despite the rising number of Covid-19 cases, he said the company remained positive about the outlook of its retail segment in FY21, backed by improved crude oil prices, a return to normal of traffic volume, and higher demand for its non-fuel business.Businesses offe…