Published: Tuesday July 24, 2012 MYT 4:21:00 PM

Petronas Dagangan targets to sell 5b litres of petrol this year

KUALA LUMPUR: Petronas Dagangan Bhd eyes a total sale of five billion litres of petrol this year, up 10% from last year, driven by an increase in the number of petrol pump stations.

Retail Business Division Senior General Manager Akbar Md Thayoob said the group sold over four billion litres of petrol last year.

"There are 74 stations in the pipeline this year, with half already set up," he told reporters after receiving the documents for a proposed development of a petrol pump station at KM2.95 (Westbound) Plaza Tol Penchala Link from the new Kuala Lumpur Mayor Datuk Ahmad Phesal Talib.

Kuala Lumpur City Hall (DBKL) had on Tuesday announced Petronas Dagangan was the first company to use its OSC 1Submission model, an initiative developed by focus groups dealing with construction permits and launched on June 1.

The OSC 1Submission model simplifies the proposed development process by reducing the time taken to 27 days compared with the 140 days according to the Ease of Doing Business 2012 report by the World Bank.

Akbar said under the old model, it usually took nine months to set up a petrol pump station, with only three months to build the infrastructure.

DBKL is urging companies with low-risk projects of below RM2 million to use this new model, which involves only 10 procedures compared with 32 previously. - Bernama

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