Industry experts forecast that prices of fuel will shoot up to P60 per liter in a month’s time. SEAOIL’s new offering is a great news to all motorists. Read on …
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SEAOIL Philippines Inc., the largest independent retailer of petroleum products in the country, has introduced an industry-first prepaid card that pegs a customer’s gasoline purchase at PHP59.00 per liter.
Company officials explained that the Price Lock Prepaid Fuel Card can be used to buy 20 liters of gasoline (G5 X-treme and Unleaded) from any SEAOIL participating stations. The selling period is from July 05-20, 2008. Each card costs P1,180 and is valid for 10 weeks (July 05 up to September 20, 2008).
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.
In the less likely event of a price rollback also during the period, i.e. the price goes down to less than PHP59.00 a liter, SEAOIL will refund unused (unscratched) fuel prepaid cards.
The Price Lock Prepaid Fuel Card will be made available at the following participating SEAOIL stations:
1. A. Bonifacio
2. Binangonan
3. Buendia
4. Cainta
5. Commonwealth
6. Dagat-dagatan
7. Dimasalang
8. EDSA
9. E. Rodriguez
10. Gulod
11. Imalda Avenue
12. Karuhatan
13. Malabon
14. Marikina
15. Maybunga
16. Merville
17. Mindanao Ave.
18. Montalban
19. North Bay
20. P. Tuazon
21. Paco
22. Palatiw
23. Panaderos
24. Paraluman
25. Pasig
26. Payatas
27. Pritil
28. Retiro
29. San Juan
30. San Mateo
31. St. Dominic
32. Sucat
33. Tandang Sora
34. Taguig
Stations to open in July:
35. Arkong Bato
36. Sta. Cruz
37. Legarda
38. Del Monte
SEAOIL will also be selling the prepaid card in the following offsite points: Greenhills Theatre Mall (in front of Starbucks), Greenhills V-Mall (in front of SM Appliance Center), Shopwise (2nd level parking) and Metrowalk (Activity Center near Starbucks). Here’s the schedule: Theatre Mall, V-Mall, Shopwise – July 4-6 and July 11-13 (Fridays-Sundays), 11am-6pm; Metrowalk – July 4-5 and July 11-12 (Fridays and Saturdays), 5pm-12mn
The card is valid for a single transaction only, which means customers should use up its entire 20-liter value since any unconsumed amount, such as a 19-liter purchase, will forfeit the remaining card value.
Only SEAOIL station attendants are authorized to scratch the silver coating of the prepaid card upon purchase and claim the same card after the customer fills up.
About Sea Oil
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 the Big 3 of Petron, Shell and Chevron (Caltex) with over 130 outlets nationwide and about 3 percent share of the retail market.
Consistent with its thrust of innovation, the company pioneered the promotion of biofuels and other alternative fuels in the country, being the first to introduce the use of ethanol as a gasoline blend. In 2005, two years before the implementation of the Biofuels Act, SEAOIL already offered the first 10-percent ethanol blended gasoline or E10, now available in its nationwide retail station network along with the similarly mandated 1 percent biodiesel blend.