SEAOIL eyes to expand to 1,000 stations by 2023

Independent oil player SEAOIL Philippines said Thursday it continues its expansion despite the COVID-19 pandemic as it aims to grow its nationwide network to 1,000 stations by 2023 following the opening of its 600th station this month.

In a statement, SEAOIL said it opened its 600th station in Sepung Calzada, Tarlac City, bringing an additional 100 station openings in just 12 months.

Apart from expanding the number of its station, the fuel firm launched a new service in partnership 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 purchased fuel in their virtual tank, and refuel their fleet at SEAOIL even when gas prices are high, it said.

“PriceLOCQ for Business is the only solution that allows businessmen to hedge against fuel prices - that is to lock in fuel prices when they are low and redeem at SEAOIL when prices go up,” said Glenn Yu, SEAOIL Philippines CEO.

SEAOIL said PriceLOCQ for Business works through a secure web portal where one can monitor and manage the driver, vehicle, and fuel usage.

The fuel firm said retail customers can also enjoy PriceLOCQ’s benefits by downloading the app on their mobile, purchasing fuel at current prices, locking them in, and gassing up at their preferred time.

SEAOIL also said it has entered into a line of vehicle servicing by opening its own branded service center, LubeServ.

The first branch is located in Anabu in Cavite, which is surrounded by residential developments.

LubeServ offers automotive repairs and lubricant services using SEAOIL’s high-quality engine oils and ancillary products.

SEAOIL also launched LubeServ on Wheels, a variation of the service, bringing expert mechanics to the customer’s location.

To maintain safety, the fuel firm said mechanics are fully trained on health protocols and provided personal protective equipment for their visit, and health tests are done every two weeks.

“Like LubeServ and LubeServe on Wheels, PriceLOCQ is part of SEAOIL’s response to changing market needs. Concern for rising fuel prices, health safety, and greater convenience in repairs and maintenance are all addressed by these new services,” Yu said.—AOL, GMA News