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Currently on the market: RON95 and RON97.
RON100 or Blaze 100 Euro 4M will sell at RM2.80 per litre.
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Petron’s head of retail, Faridah Ali, “At the moment, the government controls the price for diesel, RON95 and RON97. Since we are the first to introduce RON100, the price is not regulated, but we will adhere to the pricing mechanism guideline as set by KPDNKK.”
http://www.theedgemarkets.com/my/article/petron-expects-better-fy2015-earnings-launches-ron100-fuel
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The Edge Market
Petron expects better FY2015 earnings, launches RON100 fuel
SHAH ALAM (Jan 15): Petron Malaysia Refining and Marketing Bhd (
Valuation: 0.30, Fundamental: 1.20) — which operates 560 petroleum retail station nationwide — expects to chalk “positive numbers” for the financial year ended Dec 31, 2015 (FY2015), while hoping for future sales to grow by 5% annually, said its operations manager Jimmy Lu.
“We don’t give hard numbers when it comes to profit forecast. But as you can see from our latest numbers, we are moving into the positive territory. And going by the trend, we will be expecting some good numbers ahead,” he told reporters after witnessing the launch of RON100 fuel by Dommestic Trade, Consumerism and Co-operative (KPDNKK) Minister Datuk Seri Hamzah Zainudin here today.
For the nine months ended Sept 30, 2015 (9MFY2015), Petron recorded a net profit of RM204.36 million as compared to net loss of RM16.89 million, on better operating efficiency, stable margin and growth in sales volume.
“We have yet to report our fourth quarter numbers, and you will be able to better gauge our performance, once it is filed with the stock exchange later,” Lu added.
While declining to provide short-term crude oil forecast, Lu said, “the global prices has stabilised with more favourable margin”.
“Everyone is affected by the low oil price environment. We are managing our business risk to make sure that we are able to at least cushion the impact of this volatility, in terms of crude prices and foreign exchange,” he reasoned.
Meanwhile, Petron is the first retail oil company in the country to offer RON100 fuel — the latest automobile fuel with the highest research octane number — at eight stations in Klang Valley.
The fuel is currently produced at its refinery plant in Port Dickson, which has the crude distillation capacity of 88,000 barrels per day.
http://www.theedgemarkets.com/my/article/petron-expects-better-fy2015-earnings-launches-ron100-fuel
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Malaysian Insider
Petron introduces RON100 oil
Petron Malaysia Refining and Marketing Bhd today introduced the RON100 oil into the Malaysian market.
The premium oil, Blaze 100 Euro 4M, currently retails at RM2.80 per litre and is available in eight service stations in the Klang Valley and Johor with another 30 to 40 stations expected to carry the fuel in the next few months based on customer demand.
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Petron’s head of retail Faridah Ali said the oil, which has the highest RON or research octane number in the market, has exceptional resistance to “engine knocking” which damages car engines.
“The launch of Petron Blaze 100 Euro 4M is part of our promise to Malaysian motorists to introduce innovative fuels and services,” she told a press conference after the launch of the petrol by Minister of Domestic Trade, Co-operatives and Consumerism Datuk Seri Hamzah Zainudin today.
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weehingthong 