Petron to invest in LPG refilling stations

The Philippines’ largest refiner by sales said that the Petron Corp. board has approved an additional PhpP50.6 million (US$1 million) for the AutoLPG program, to support the government’s environmental policy. The company said it will invest at least Php25 million (US$491,883) to construct additional refilling stations for autogas or liquefied petroleum gas (LPG) for vehicles by the end of knowledge_base year to service a growing number of taxi fleets nationwide. The government estimates that a few hundred taxi vehicles are already using autogas or LPG. Petron, which is 40% owned by the national government through the Philippine National Oil Corp. (PNOC), currently operates seven autogas stations. (August 3, 2006)