Petronas and the Sarawak government have signed a commercial agreement today to settle a long-standing dispute between the two parties over the state’s imposition of sales tax on petroleum products. – The Malaysian Insight file pic, December 7, 2020. THE long-standing dispute between national oil company Petronas and the Sarawak government over the imposition of the state’s sales tax on petroleum products was resolved today with the signing of a commercial settlement agreement.The agreement was inked at the Hilton Hotel in Kuala Lumpur today with Prime Minister Muhyiddin Yassin and Sarawak Chief Minister Abang Johari Openg as witnesses, following negotiations between the two parties that had been facilitated by the Finance Ministry.
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