OIL firm PTT Philippines Corp., a subsidiary of Thai oil giant PTT Public Company Ltd., has opened more service stations in Cebu and Pampanga provinces as part of its five-year, P3-billion expansion plan in the country.
“This is a continuing program of PTT Philippines and therefore you could expect more [PTT stations] to open this year,” said PTT Philippines president and chief executive officer Sukanya Seriyothin.
The independent oil firm targets to put up 150 stations in the Philippines over the next four years.
The latest service station in Bogo, Cebu brings to 10 the number of PTT stations in the province.
A fourth PTT service station in San Fernando, Pampanga was also formally opened last April 18.
With the opening of Bogo and San Fernando 4 stations, PTT now has a total of 82 retail stations in Luzon and in Cebu in the Visayas.
The Thai oil firm is set to open more stations in northern and southern Luzon as it aggressively looks for partners who are interested in dealership.
For a station to be built on a particular property, PTT Philippines requires a minimum size of 1,000 square meters with at least 35 meters for frontage and the location must be along the highway for accessibility.
Meanwhile, PTT is also set to start the construction this year of its biggest station in the country along the Subic-Clark-Tarlac Expressway (SCTEX) in Concepcion, Tarlac.
PTT has been in the Philippines for 18 years. Apart from retail marketing, it also operates wholesale oil distribution serving the aviation, maritime and mining sectors.