Malaysia’s Petronas to halt local NGV fuel supply next year on declining demand
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MALAYSIA state energy firm Petronas will halt the domestic retail supply and sale of natural gas for vehicles by July next year due to declining demand and to ensure safety of road users, the transport minister said on Monday (Nov 4).
Transport Minister Anthony Loke said only 0.2 per cent of registered motor vehicles in Malaysia were fuelled by NGV, with many considered in ageing condition and their spare parts unavailable.
“These issues will ultimately pose a safety risk, injury, or death to all users or owners of the vehicles involved,” Loke told a press conference.
NGV is mainly used as a fuel for taxis in Malaysia.
Loke also said NGV-powered vehicles will no longer be allowed to register for road use in Malaysia from Jul 1, 2025.
Petronas has taken steps to assist owners of NGV-powered vehicles, including taxi drivers, to shift to other fuels, Loke said.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
