Trading In Petrol Companies in Malaysia

The Malaysian government has announced that it will be trading in petrol companies in Malaysia. This is part of the government's plan to liberalize the country's economy.

The government has said that it will be inviting bids from international oil companies to operate in Malaysia. This is a major change from the current system, where the state-owned oil company, Petronas, has a monopoly on the oil and gas industry.

The government has said that the new system will be more efficient and will bring in more foreign investment. It is hoped that this will help to boost the economy and create jobs.

The move has been welcomed by the oil companies, who see it as an opportunity to expand their operations in Malaysia. However, it is not clear how this will affect the prices of petrol, as the government has said that it will not be setting a price for petrol.

The change is likely to be opposed by Petronas, which has been the main beneficiary of the current system. It is not clear how the government will compensate Petronas for the loss of its monopoly.