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Shell petrol stations in Indonesia run dry on supply shortages

CMG20240817-HengYY02 / 王彦燕 / A Petronas petrol station in Johor Bahru . For stories about Shell,Petronas, fuel, petrol, station, car, vehicle, transport, oil, energy, petrochemical, tax, Malaysia, Singaporean, 3/4 tank, pump, V Power, 95, 98, Diesel, price setting, price fixing, subsidy. [ Jalan Lingkaran Dalam, Bukit Senyum, 80300 Johor Bahru, Johor, Malaysia]

THINKING ALOUD

Subsidy reform a la Malaysia – one tiny step at a time

Malaysians driving Singapore- or Thai-registered cars in Malaysia must buy RON97 petrol, which now retails at RM3.21 per litre. The move aims to close a loophole that could have drained billions of ringgit in subsidies across the border.

No cheap pump across the Causeway as Malaysia rolls out Budi95 fuel subsidy

The new subsidised fuel price will not apply to non-Malaysians.

Malaysia cuts RON95 petrol price to RM1.99 a litre ahead of Sabah state election, Budget 2026

Aster attributed the force majeure to an “unforeseen event” at its ethylene cracker complex, which has been under planned maintenance since Aug 1.

Energy & Commodities

Aster Chemicals declares force majeure at Singapore naphtha cracker: sources

Margins have plunged for petrochemical companies in South Korea and across the globe due to an oversupply of products caused by relentless capacity additions in the last decade, particularly in China, the biggest petrochemical market.

Energy & Commodities

South Korea to announce plan to restructure petrochemical sector facing ‘grave’ situation

Policymakers are planning a two-tier price system for RON95 petrol.

Malaysia committed to 2025 petrol subsidy cut but no fixed date

Malaysia plans to cut subsidies for its cheapest and most popular petrol by mid-2025.

Malaysia at final stage of petrol subsidy revamp: Economy minister

China’s crude oil output is expected to reach 215 million metric tons in 2025, while its oil refining capacity will reach 960 million to 970 million tons per annum (mtpa), according to the outlook released in Beijing.

Energy & Commodities

Sinopec forecasts China’s petroleum consumption will peak by 2027

Esso petrol station in Tampines on March 8, 2022.

BT EXPLAINS

The changing landscape of petrol stations in Singapore: What lies ahead?

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