Independent oil player Jetti Petroleum is looking at P1.2-billion capital expenditures to add 80 retail stations and realize its target of 300 outlets by 2026.
“We are embarking on completing or having available 300 stations, and initially, we’re targeting by early 2026. But of course, based on our business review, we believe we can achieve the 300 mark by end of 2026. Those stations are all company-owned but operated by a third party or with dealers,” Jetti president Leo Bellas said.
Bellas said the construction of a Jetti station costs around P15 million, including equipment. He said the costs could vary depending on the size of the location and number of pumps.
The expansion would be funded through internally-generated funds and bank financing, he said.
Bellas said that while the company has been in the fuel business since 1998, it recently pursued an aggressive expansion plan.
“Eventually, the company decided that we have to increase and reinforce the brand through our retail stations. So that’s primarily what pushed us to embark on this massive construction and operation of retail stations,” he said.
Jetti has a total of 220 stations spread nationwide, including 35 percent in Luzon, 35 percent in Mindanao and 30 percent in the Visayas.
“For this year, we are confident that we can complete and operate additional 40 stations. So that would bring the number to 260 by Dec. 31, 2025,” the executive said.
Jetti on Wednesday opened its biggest headquarters at the corner of Diosdado Macapagal Boulevard and Coral Way in Pasay City.
The event is the culmination of years of planning for a landmark six-story commercial and office center, symbolizing a new chapter of growth and innovation for the company.
The modern building combines functionality and convenience. The ground floor features a vibrant selection of retail outlets including North Park, 7-Eleven, Kokorro Curry and Zhubajie, catering to the needs of locals, office workers and visitors.
The second and third floors house premium office spaces for lease, offering businesses a prime address in one of Metro Manila’s busiest districts.
The site retains the Jetti fuel station, providing motorists with JX Premium RON95, Accelrate RONg1 and Diesel Master fuels, ensuring that the company continues to deliver its promise of affordable, high-quality fuel while serving the growing needs of the community.