Petron Corp. eyeing to build 1,000 stations in 4 years
LEADING oil refining company Petron Corp. recently built its 1,000th service station in Guiuan, Samar under its four-year old network expansion program, bringing the total number of Petron stations in the country to nearly 2,100.
The program is anchored on the pioneering micro-filling or “Bulilit” station concept -an easy-to-build station that can start with a few dispensing pumps but easily expandable as demand grows.
“The expansion helps empower Filipino entrepreneurs by giving them an opportunity to partner with a company they trust. Much needed employment is also generated, especially in rural areas, where the new stations are located,” the company said in a statement to the Philippine Stock Exchange (PSE).
Building an average of 250 stations each year for four years is a record in the Philippine oil industry.
Began in 2009, Petron’s network expansion program is instrumental in increasing the company’s market presence and in maintaining its leadership position.
Petron Chairman and Chief Executive Officer Ramon S. Ang said the network expansion program ensures that Petron’s premium products and services are more accessible to Filipinos.
“While we see our service station expansion program as a means to further reach out to our customers, we also view this as a manifestation of our commitment to nationbuilding, one service station at a time,” said Ang.
At the end of 2012, Petron had 34.5 percent of the highly-competitive retail market. (PNA)