Unioil Petroleum Philippines Inc. is slated to build and open an additional 20 retail fuel stations as part of its expansion in the local market, mostly in Luzon area.
“We are in the expansion mode for retail right now . . . and we already reached the full year target by mid year. Basically we need to grow. The retail needs a lot of expansion,” said Unioil President Kenneth Pundanera.
The petroleum firm currently has 33 stations all over the country. Unioil’s total investment for the 20 stations is expected to reach P400 million, as the total cost for each mid-sized station is from P15 million to P20 million.
It is also scheduled to open three retail gas stations by August—two in Quezon City and one in Bataan, which is 93 percent completed. Other than the three stations, the first batch of 10 stations will be completed on February next year, and the other seven stations will be operational by the end of 2014.
Pundanera also said that the company will not move into the Visayas and Mindanao yet, since Unioil will still “have to saturate areas in Luzon.” In growing Unioil’s retail segment, Pundanera added that each of the stations takes about 10 months to establish.
Other than retail expansion, Unioil also upgraded its oils to Euro IV standard, in accordance with the Department of Environment and Natural Resources directive for January 1, 2016 that states, “All new passenger and light duty motor vehicle types to be introduced in the market shall comply with Euro 4 emission limits subject to Euro IV fuel availability.”
According to Unioil Technical Manager Joselito Alfonso Zulueta, the Euro IV compliant fuels will give cars “clearer emissions, better fuel efficiency, lesser maintenance and instantaneous increase in power.”
Kristyn Nika M. Lazo