Petrol
As EVs dominate, why are Esso petrol stations being acquired and what will the future look like?
The purchase of such stations – a ‘sunset’ industry – comes at a time when electric vehicle-maker BYD is outselling long-time king Toyota
EVs put an end to China’s usual holiday surge in petrol use
[BEIJING] Tianyu Jiang took a 2,000-km road trip this month during China’s national holiday week, driving in his electric vehicle from the southwestern Sichuan basin to Beijing for the first time.
Shell petrol stations in Indonesia run dry on supply shortages
The company has about 200 petrol stations across the country
Subsidy reform a la Malaysia – one tiny step at a time
Such policy changes – on their own – may not move the needle in a big way, but they represent small nudges towards a sustainable fiscal path
No cheap pump across the Causeway as Malaysia rolls out Budi95 fuel subsidy
PM Anwar Ibrahim’s earlier pledge of universal access to cheap RON95 has been narrowed; Malaysians driving foreign-registered cars will continue paying more
Malaysia cuts RON95 petrol price to RM1.99 a litre ahead of Sabah state election, Budget 2026
Non-Malaysians are allowed to purchase RON95 petrol at RM2.60 per litre
Aster Chemicals declares force majeure at Singapore naphtha cracker: sources
[SINGAPORE] Singapore’s Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island, according to a letter seen by Reuters and sources with...
South Korea to announce plan to restructure petrochemical sector facing ‘grave’ situation
[SEOUL] South Korea’s government will announce a plan this month to restructure the country’s petrochemical sector, which is in a “grave” situation, Industry Minister Kim Jung Kwan said on Thursday.
Malaysia committed to 2025 petrol subsidy cut but no fixed date
Lawmakers have urged the government to postpone the move and other adjustments to fiscal policy that they fear would damp business confidence and increase costs for consumers
Malaysia at final stage of petrol subsidy revamp: Economy minister
MALAYSIA’S Ministry of Economy is close to presenting to the Cabinet a new proposal on income classification that would allow the nation to end petrol subsidies for the wealthiest 15 per cent.
