CIMB Bank Bhd and CIMB Islamic Bank Bhd today launched the Petrol Station Dealer Programme, a comprehensive financial support package aimed at helping petrol station dealers navigate the fuel subsidy rationalisation transition.
Developed in collaboration with the Petroleum Dealers Association of Malaysia (PDAM), the programme offers a range of financing, cash management, and business advisory solutions tailored to the operational needs of petrol dealers, most of whom are small and medium enterprises (SMEs).
CIMB Group Co-CEO of Group Commercial and Transaction Banking, Lawrence Loh, said the initiative reflects the bank’s commitment to supporting the oil and gas retail sector as it adapts to the new floating fuel price mechanism.
“This tailored programme addresses immediate cash flow challenges while helping dealers build long-term resilience. We aim to support their sustainability and reinforce their role in the national energy ecosystem,” he said in a statement.
PDAM president Datuk Khairul Annuar Abdul Aziz welcomed the initiative, calling it timely and strategic in strengthening dealers’ financial sustainability.
“Access to affordable working capital and better cash management will be critical as dealers adjust to changes brought by subsidy rationalisation,” he said.
The programme includes flexible financing options under CIMB’s product bundling approach, allowing dealers to select solutions that best fit their scale and needs.
Among the key offerings is the Cashline-i facility, which provides unsecured standby credit of up to RM500,000 based on monthly fuel sales, helping dealers manage daily cash flow and ease cost pressures.
In addition, dealers will benefit from preferential rates under CIMB’s Daily Investment Account-i (DIA-i) to optimise returns on operational funds.
CIMB is also offering advisory support for renewable energy initiatives through the Low Carbon Transition Facility-i, enabling station owners to install solar panels for energy efficiency and long-term cost savings.
The programme is part of CIMB’s broader commitment to empowering businesses with practical, future-ready financial solutions.
-NIAGATIMES
