The continued heavy reliance on cheap gas has discouraged consumers from pursuing efficiency, says the national oil company.
KUALA LUMPUR: National oil company Petroliam Nasional Bhd (Petronas) has criticised the federal government for continuing to subside gas in a bid to woo foreign direct investments (FDIs), saying the policy was “distorted” and “inefficient”.
President and chief executive Shamsul Azhar Abbas said the continued reliance on cheap gas has not helped to encourage power producers and consumers to pursue efficiency.
Petronas slams ‘distorted’ gas subsidy policy
