I don't think they have competitive pricing yet
The implementation of competitive pricing should include clear displays of prices at the entrance of the outlet. Makes no sense for the customer to drive into the outlet to check the pricing at the pump.
Having said that, i wouldn't want to be in this business...
This is a regulated industry which means your margin is stagnant. The only way to increase the quantum of earnings from regulated margin is to increase the sales volume and this brings to the next problem.
To have higher fuel sales, it requires bigger station and this means big land costs. Some strategic areas require the station to have fast food outlets and cafè. The investment in land and buildings will take a long payback period.
I was told the net income for one station in good locations like SJ or PJ is around RM20-40k per month. Is this a lucrative income after spending so much money and time ??
" The popular MyPetrol app, which listed the prices of fuel from petrol stations around the country, is no longer available for download after only four days on the Google Play Store.
Developer Saw Ting Yik said he had to withdraw the app, which had over 87,000 downloads since its launch on March 27, because he now believes petrol stations will not be allowed to offer discounts on fuel. The app, using crowd-sourced information, created confusion after inaccurate prices were listed, starting rumours of a price war "