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Energy consumption by the transportation sector accounts for 40% of final energy demand, some 99.4% are met from petroleum products. Natural gas accounts for 0.6%, while electricity a negligible amount. The future outlook of transportation fuel options may not vary much from our current consumption pattern as not many variations could be fathomed yet. Despite efforts to reduce the sector‟s dependence on oil through the promotion of NGV, such efforts are unlikely to make significant headway. The true economic cost of NGV is more than RM 3.10 per litre, making it a more expensive option than petroleum products. PETRONAS currently subsidies retail sales of the fuel, but this may not be feasible in the long-term when gas has to be imported. It would be most refreshing to get electric and hydrogen-powered vehicles on the streets of Malaysia at commercially affordable prices in the future.
source p. 26
Nov 7 2013, 01:03 PM
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