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Petronas urges public not to join e-mail campaign |
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Just can't stay away
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KUALA LUMPUR: Petronas has urged the public not to join an e-mail campaign to boycott its products because it will not affect fuel prices.
Its president and chief executive officer Tan Sri Mohd Hassan Marican said Petronas was not the largest retailer of fuel in the country as it only has about 800 stations nationwide. “Any form of boycott will only hurt the station owners, the small and medium-seized enterprises that supply the stations with their products and the shareholders of Petronas Dagangan – many of whom are pensioners,” he said in an interview. Petronas stations account for about 30% of fuel sold in the country. The largest retail station owner is Shell with over 1,200 stations. An e-mail has been circulating calling on the public to boycott Petronas stations and its products. The e-mail claimed that a similar boycott was carried out in the United States against another petroleum company and it succeeded in forcing the company to reduce its prices... Hassan said that Petronas had no say over fuel prices as they were determined by the Government. He said Petronas as a corporation would not be unduly affected by such a boycott as Petronas Dagangan accounted for less than 5% of its revenue. Hassan also said the country had to import 80,000 barrels of petrol every day because the refineries in the country did not produce enough. “We are an exporter of diesel and jet fuel because of the composition of the Tapis sweet light crude that we produce. Any boycott will only benefit the foreign oil companies who operate here.” It is learnt that some foreign oil companies own the stations directly from overseas even though they have local units here. Asked why Petronas was not making more money now that the Government had increased the pump prices, Hassan said oil companies always sells fuel at market rate and it was the Government that paid the subsidies to these firms. “Our profits remain the same and we do not benefit from any increase or reduction of fuel prices.” star
Posted on: 2008/6/17 21:41
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Re: Petronas urges public not to join e-mail campaign |
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Just popping in
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2007/12/26 20:11 Posts:
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excuse me?
isn't petronas wholly owned by the GOVERNMENT?! and now who's the one who has had increased our fuel price?
Posted on: 2008/6/17 21:48
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Re: Petronas urges public not to join e-mail campaign |
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Just popping in
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2007/12/28 23:41 Posts:
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That's bullsh*t....we all know the government owned Petronas.We should rejoice because oil prices in world goes up.Instead,we suffered from the oil price hike as well.Can be clearly seen that the government swallow all the profits made by Petronas.
Posted on: 2008/6/17 22:11
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Re: Petronas urges public not to join e-mail campaign |
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Home away from home
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what are they afraid of? it's just a SPAM mail, usually nobody take seriously the spam mail. BUT why they react like this, I would normally buy from Petronas, but by issuing this statement seems like they have some secret agenda...
Posted on: 2008/6/17 22:46
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Re: Petronas urges public not to join e-mail campaign |
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Home away from home
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Yea, by publishing this statement proves that they needed to be boycott lol They earned so much from exporting to foreign countries but where did the $$$ go? Didn't even use it to subsidize our fuel. Instead they try to push this to Shell if I'm not mistaken? o.O
So many excuses from the government..
Posted on: 2008/6/17 23:37
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Re: Petronas urges public not to join e-mail campaign |
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Home away from home
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'Wipe out' petronas via internet ei? Whoever's idea this was is brilliant. I believe pressure from the change of subsidy is imminent. Let it "grow"!!!!
Posted on: 2008/6/17 23:48
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There's nothing in two if it's not properly attached. Weddings | Pre-Weddings @ Halycube. Bloggie @ Halyconstudio. |
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Re: Petronas urges public not to join e-mail campaign |
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Home away from home
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@bytez : I helped in "growing" them lol Doing the campaign thru the internet is the best, that's what DAP did to influence the younger generations ^^ But too bad couldn't reach the rural areas :P
Posted on: 2008/6/18 0:03
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Re: Petronas urges public not to join e-mail campaign |
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Home away from home
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2007/7/13 10:26 Posts:
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Quote:
By announcing such..petronas infact made more people aware of the boycott plan. From just people with emails now it has been made aware to the general population thru mass media...so I think in fact the management of petronas made a blunder here. Subsidies by government work this way : Lets make the following presumptions: A. Market price of petrol = 10 B. Price of petrol in Malaysia = 6 C. Government Subsidy = A - B = 4 So, for every litre of petrol pump into a car: 1. Petronas received 10 2. Consumer paid 6 4. Government paid 4 Say that government decided to cut subsidy by 1 point, what happened next is: For every litre of petrol pump into a car: 1. Petronas received 10 (no change) 2. Consumer paid 7 4. Government paid 3 So, in term of income from subsidy change yes it is true what petronas said that “Our profits remain the same and we do not benefit from any increase or reduction of fuel prices.” BUT they forgot to say that, for every cents of oil price increase in the world market, Petronas makes and additional cent profit. Here is how it works: Previous condition(X): A. Market price of petrol = 9 B. Price of petrol in Malaysia = 6 C. Government Subsidy = A - B = 3 Condition where world oil increase, Malaysian oil stay (Y): A. Market price of petrol = 10 B. Price of petrol in Malaysia = 6 C. Government Subsidy = A - B = 4 Condition where world oil increase, Malaysian oil increase (Z): A. Market price of petrol = 10 B. Price of petrol in Malaysia = 7 C. Government Subsidy = A - B = 3 @X : Petronas ![]() Malaysian ![]() Government ![]() @Y: Petronas ![]() Malaysian ![]() Government ![]() @Z: Petronas ![]() Malaysian ![]() Government ![]()
Posted on: 2008/6/18 9:59
Edited by Downsouth on 2008/6/18 10:45:45
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Re: Petronas urges public not to join e-mail campaign |
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Home away from home
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Petronas was trying to say .... "don't join email campaign to boycott our gas-stations, but you sure can join the other campaign to boycott SHELL"!!
Posted on: 2008/6/18 10:51
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Re: Petronas urges public not to join e-mail campaign |
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Home away from home
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This is what I got from my uncle's forward mail. Read it with open heart.
Quote:
Posted on: 2008/6/18 11:08
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