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SEAOIL Philippines Inc. is extending its prepaid fuel card promo in
light of the positive response it received from the public.
In a statement, Seaoil said that it was
encouraged by the overwhelming patronage of its Price Lock Fuel
Prepaid Card, which pegs a customer’s gasoline purchase at P53.50
per liter and can be used for a single purchase of 20 liters of
gasoline in its participating retail stations.
Since the price has been fixed, cardholders will
have an easier time budgeting their fuel expenses, as they will be
insulated from further spikes in gasoline costs during the promo
period.
“With the current premium gasoline price of
P60 per liter, those who purchased the first Price Lock Fuel Prepaid
Card at P1,070 or at P53.50 per liter, now enjoy about P6.50 savings
per liter. This translates to P130 savings per card or as much as
P1,300 for those who purchased 10 cards,” Art Cruz, Seaoil’s
marketing director, said.
For the second round of its industry-first
promo, Seaoil will be offering prepaid cards with gasoline purchase
pegged at P59 per liter.
In the less likely event of a price rollback
also during the period or when gasoline prices goes down to less
than P59 a liter, Seaoil will refund unused (unscratched) fuel
prepaid cards.
Dubbed “Price Lock 2”, the fuel prepaid card
can be used to buy 20 liters of gasoline (G5 X-treme and Unleaded)
from all Seaoil stations in Metro Manila. The selling period is from
July 4 to 20. Each card costs P1,180 and is valid for 12 weeks or
from July 4 up to September 20 this year.
Formed in 1997, Seaoil is the first independent
fuel company to put up a gasoline retail station, following the
deregulation of the country’s downstream oil industry. It has
since aggressively expanded, becoming the largest petroleum firm
outside Petron Corp., Pilipinas Shell Petroleum Corp. and Chevron (Caltex)
Philippines. The upstart has over 130 outlets nationwide and about 3
percent share of the retail market.
The company was the first oil firm to offer
10-percent ethanol blended gasoline or E10, along with the similarly
mandated one percent biodiesel blend.
-- Euan Paulo C. Añonuevo
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