Seaoil Philippines

Seaoil Philippines, Inc., stylized as SEAOIL Philippines, is a fuel company that started in 1978. The Filipino-owned company offers fuel products ranging from automobile gasoline to industry-specific lubricants and services such as storage and shipping.

Seaoil Philippines
TypePrivate
IndustryOil and gas
Founded1978
FounderFrancis Yu Hua Ting
HeadquartersTaipan Place, Ortigas Center, Pasig, Philippines
Area served
Philippines
Key people
Francis Glenn Yu, (President & CEO)
ProductsFuel
Lubricants
WebsiteSEAOIL.com.ph

History

Seaoil Philippines was founded in 1978 by Francis Yu where it was engaged in offering storage facilities for petroleum and petrochemical based products. A few years later, it expanded its operations by creating a niche in the wholesale petroleum market. In 1988, the company partnered with Paramins to develop lubricants. In anticipation of the oil market deregulation in 1996, Seaoil Philippines was established, becoming the first independent fuel company to open a retail station. From one station opened in 1997, Seaoil now has over 300 stations, making it the 5th independent fuel company in the Philippines.[1]

In December 2017, SEAOIL entered a strategic partnership with Caltex Australia. As part of the partnership, Caltex Australia would supply oil to SEAOIL via its fuel trading and shipping business, Ampol Singapore, while Caltex Australia would take up a 20% equity interest in SEAOIL.[2] Caltex Australia's acquisition of the 20% equity interest was completed in March 2018.[3]

Products

Seaoil gasoline products are compliant with the Biofuels Act of 2006, which mandates the blending of 1 percent CME (coco-methyl ester) for all diesels in May 2007 (upgraded to 2 percent in 2009), and blending of 10 percent ethanol into gasoline and other product lines in 2009.[4]

A gasoline station of Seaoil in Kalibo, Aklan

Fuel

  • Extreme 97[5]
  • Extreme 95
  • Extreme U
  • Exceed Diesel[6]
  • E85 (Available at the Pasig Boulevard Station)

V.I.P. Card

The Seaoil V.I.P. (Values, Incentives and Privileges) Club is a loyalty program that gives rewards and incentives to its members through point-per-purchase system.

Seaoil Price Lock Fuel Prepaid Card

The Price Lock Fuel Prepaid Card was introduced by the company to address the uncontrollable weekly price increases of oil products in mid-2008.[7] It allowed consumers to buy unleaded gasoline and for a fixed price.[8] Due to the positive response of the market, the promo validity of the card was extended.[9] In 2011, Price Lock cards were sold again due to the weekly oil price increase in the market.[10]

References
  1. "2007 SEAOIL information". phfranchise.com. Archived from the original on 2011-02-14.
  2. "Caltex Australia enters into a strategic partnership with SEAOIL (Philippines), including the acquisition of a 20% equity interest". Caltex Australia. 21 December 2017. Retrieved 6 March 2020.
  3. "Caltex finalises investment in SEAOIL (Philippines)". Caltex Australia. 2 March 2018. Retrieved 6 March 2020.
  4. "Biofuels Law of 2006" (PDF). senate.gov.ph.
  5. "Seaoil launches 97-octane 'clean fuel'". The Manila Times.
  6. "SEAOIL launches BioXCEED Diesel with 1% CME". Biofuels.ph.
  7. "Diesel pump prices to go up three pesos per liter". ABS-CBN News. Archived from the original on 2011-02-14.
  8. "Senator Backs SEAOIL's Prepaid Fuel Cards, Says Big Three Should Follow". Tsikot.com. Archived from the original on 2011-02-14.
  9. "Seaoil extends price lock fuel card promo". The Philippine Star. Archived from the original on 2011-02-14. Retrieved 2010-11-17.
  10. "Seaoil fixes gas price at P52/L with prepaid card promo". GMA News.
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