Give us soft loans, petrol dealers appeal to govt

The Petrol Dealers Association of Malaysia says many station owners do not have the funds to buy enough petrol to cater to the expected increase in demand once the MCO is lifted.

KUALA LUMPUR: The Petrol Dealers Association of Malaysia (PDAM) has urged the government to consider providing financial support to petrol station owners to help them recover and start their business again after the movement control order (MCO) is lifted.

PDAM president Khairul Annuar Abdul Aziz said at the moment many station owners did not have the funds to buy enough petrol to cater to the expected increase in demand when the MCO is lifted.

He said the downtrend in fuel prices and weaker traffic due to the MCO had badly affected petrol station operators.

“At the start of March, all the way to mid of April, the price of petrol went down several times. When the price dropped drastically, we lost heavily because we had bought it earlier at a higher price.

“All in all, the industry lost about RM170 million, or RM60,000 to RM100,000 per station,” he said in an interview with Bernama TV via Skype.

Khairul said problems will arise when the MCO is lifted as petrol station operators will not have the money to cater to the increased demand for petrol then.

“The matter will be acute as our dealers’ working capital has shrunk due to the fall in prices and losses suffered during the MCO.

“If the government can consider giving us a soft loan, then it will be great. A soft loan will be helpful,” he said.

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