Seaoil extends pre-paid card offer

Seaoil Philippines Inc. is extending its pre-paid fuel card promo in light of the positive response it received from the public. In a statement, Seaoil said that it was encouraged by the overwhelming patronage of its Price Lock Fuel Prepaid Card, which pegs a customer’s gasoline purchase at Php53.50 (US$1.18) per liter and can be used for a single purchase of 20 liters of gasoline in its participating retail stations. Since the price has been fixed, cardholders will have an easier time budgeting their fuel expenses, as they will be insulated from further spikes in gasoline costs during the promo period. In the less likely event of a price rollback during the period or when gasoline prices goes down to less than Php59 (US$1.30) a liter, Seaoil will refund the unused prepaid card. Formed in 1997, Seaoil is the first independent fuel company to put up a gasoline retail station, following the deregulation of the country’s downstream oil industry. It has since aggressively expanded, becoming the largest oil firm after Petron Corp., Pilipinas Shell Petroleum Corp. and Chevron (Caltex) Philippines. (July 5, 2008)<BR>