Petronas Dagangan: Scale up of non-fuel phase a fruitful transfer

KUALA LUMPUR: Petronas Dagangan Bhd (PDB) believes that the steps it has taken to scale up its non-fuel phase have created, and can additional improve its worth to shareholders.

Chairman Datuk Anuar Ahmad stated the growth of Kedai Mesra’s meals and drinks choices, Setel app and logistics providers, and the success of the corporate’s personal e-commerce merchandise platform are testomony to delivering on its promise to prospects and to future-proofing the organisation.

”While we be sure that our core enterprise stays secure, dependable and environment friendly, the disruptions to international provide chains over the past two years have revealed a significant level of vulnerability for companies and nations alike.

“We shortly tailored to this risk by working intently with our suppliers to strengthen and diversify provide chain protection,” he stated, including this has enabled PDB to optimize stock administration and reduce publicity to grease value fluctuations and guarantee safety of provide to prospects .

The corporate continues to drive innovation in core areas of fuels and lubricants by constructing on the sturdy credibility of the Petronas model.

”In 2021, we transformed our diesel choices in any respect of our stations nationwide to Euro 5 specification, offering our prospects with a cleaner gasoline choice.

”On the similar time, we’ve actively supplied prospects cleaner power options, comparable to liquefied pure gasoline (LNG) and B20 biodiesel, assembly their rising demand and supporting Petronas group’s aspirations in the direction of Web Zero Carbon Emissions by 2050,’ he stated in PDB’s 2021 Annual Report.

Managing director and chief govt officer Azrul Osman Rani added that PDB was in a position to capitalize on the expansion alternatives that emerged through the 12 months, having efficiently recaptured gross sales in industrial and liquefied petroleum gasoline (LPG) companies by focusing on key financial sectors.

”In opposition to this favorable backdrop, PDB’s technique goals to keep up its main place within the core enterprise segments whereas aggressively rising its non-fuel income streams.

“We’re assured that our technique of rising clear gasoline, renewables and non-fuel companies, and increasing our digital operations is ready to ship sturdy progress going ahead,” Azrul famous. – Bernama


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