Global oil producer Shell has revealed plans to increase its market share in Malaysia by 5% in order to underpin its position as the leading fuel provider in the Asian country, PetrolPlaza has reported.

<p>Shell Malaysia intends to increase its market share this year by introducing a new suite of fuel products and by adding to its forecourt network, local managing director Mohzani Abdul Wahab has stated.<br /><br />Our new product (Shell V-Power Racing Fuel), which was introduced recently, has shown good sales growth, he said. With our line-up of products, plus the opening of about 15 to 20 more new stations this year, hopefully we can add another 5% in our retail petrol business to 39% by end of this year, PetrolPlaza reported Mr Wahab as saying.<br /><br />The forecourt additions, which could cost up to RM160 million to install, will take Shell Malaysia&#0039;s petrol station fleet to more than 820 sites.<br /><br /></p>