Petron Malaysia Falls Into Q1 Net Loss as Refinery Shutdown and Oil Market Shock Hit Earnings

Kuala Lumpur, 22 May 2026 – Petron Malaysia Refining and Marketing Bhd slipped into a net loss of RM35.04 million in the first quarter of 2026, reversing from a net profit of RM81.0 million a year earlier, as refinery disruption and volatile oil-market conditions weighed heavily on the group’s performance.

Revenue for the quarter fell 19.9% to RM2.94 billion, from RM3.67 billion in the corresponding period last year, mainly due to lower sales volume. Total sales volume declined 25% to 6.9 million barrels, compared with 9.2 million barrels a year earlier, largely because exports were absent following the shutdown of the Port Dickson Refinery.