Seaoil Philippines, one of the country’s aggressive oil players, plans to deploy 1,000 retail stations nationwide by 2023 despite the COVID-19 pandemic.
The company launched new services while expanding its network of stations nationwide to 600, with the opening in Sepung Calzada, Tarlac City. The company opened 100 stations in just 12 months.
“We also hope to see improved market share for our lubricants business, as we are launching a new line of products this month that are also powered with the racing-grade STP additives. Of course, we also want continued financial stability,” Seaoil Philippines president and chief executive Glenn Yu said in a statement.
Seaoil, affiliated with fintech company LOCQ, OPC for a fleet management solution called PriceLOCQ for Business. The solution provides companies power over fuel prices by allowing them to lock in the price while they are low, store the fuel price in their virtual tank and refuel their fleet at Seaoil even when gas prices are high.