SEAOIL slashes additional P1 on rolled back prices

In response to the governments call to extend fuel assistance to motorists and the transport sector, SEAOIL is cutting back P1.00 off per liter on pump prices for diesel, premium, and unleaded gasoline nationwide effective 12:01 a.m. on May 24, 2011. The price reduction is on top of the price rollback that reflects price movements in the international petroleum market.

For three days on May 24 to 26, 2011, SEAOIL will cut back a total of P3.00 per liter on premium and unleaded gasoline, and P1.50 per liter on diesel in all of its over 180 stations nationwide.

The oil firm will also lower prices for regular gasoline by P 1.75 per liter and kerosene by P 0.30 per liter.

Participating SEAOIL stations are also accepting Pantawid Pasada Cards (PPC) in support of the Public Transport Assistance Program (PTAP), the fuel subsidy program initiated by the Department of Energy (DOE) in reaction to the rising oil prices triggered by the current crises in the Middle East and North Africa. DOE has already distributed over 40,000 cards to jeepney drivers and operators in Metro Manila and Dagupan, Pangasinan. Tricycle franchisees nationwide will also benefit from the program.

SEAOIL is the first independent fuel company to put up a gasoline retail station in 1997, following the deregulation of the country's downstream oil industry. It has since aggressively expanded its retail network and has become the countrys largest independent fuel firm establishing gasoline stations in Luzon, Visayas and Mindanao.