News analysis

PSA's green move makes money sense too

When Finance Minister Heng Swee Keat announced a doubling of the diesel tax to 20 cents a litre earlier this year, there was a small outcry.

Fleet owners pointed out that there were no ready alternatives to diesel models, especially for heavy vehicles. That is actually not true, as PSA Corp is buying 200 liquefied natural gas (LNG) trucks, representing 15 per cent of its truck fleet.

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A version of this article appeared in the print edition of The Straits Times on September 23, 2019, with the headline 'PSA's green move makes money sense too'. Print Edition | Subscribe