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RM23bil each in petroleum revenue for federal, Sabah govts since 1976
Published on: Thursday, July 11, 2024
By: Bernama
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RM23bil each in petroleum revenue for federal, Sabah govts since 1976
The Prime Minister’s Office said Sabah has received approximately RM3 billion in sales tax revenue from Petronas since 2020. (AFP pic)
Kuala Lumpur: The federal and Sabah state governments each received approximately RM23 billion in petroleum revenue payments from 1976 to the first half of 2024, according to the Prime Minister’s Office (PMO).

In a written response published on the Parliament website yesterday, the PMO said Petronas had consistently fulfilled all cash payment obligations from petroleum production, based on the existing provisions and agreements and in accordance with the federal government’s instructions.

“Additionally, Sabah has received approximately RM3 billion in sales tax revenue from Petronas, in line with the implementation of Sabah’s sales tax since 2020,” it said.

The PMO was responding to a question from Jonathan Yasin (GRS-Ranau) about the total petroleum revenue received by the federal government and Petronas from Sabah’s oil or offshore resources each year from 1976 until now.

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