Malaysia’s Petronas to halt local NGV fuel supply next year on declining demand

Malaysia’s Petronas to halt local NGV fuel supply next year on declining demand

November 4, 2024 / Riah Marton /


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 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. REUTERS

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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