Waukster Online

The price of gasoline will continue to rise every week. In fact, according to a news item, gas prices can reach up to 80 PHP per liter this year. That’s really alarming since that will have an impact on other commodities as well. Seaoil, one of the newest players in the gas industry, is offering a product that can help consumers cope up with the soaring prices of gasoline. It’s called the Price Lock Prepaid Card and it’s actually very simple. You buy gas at a pre-determined price in advance and you can use it to claim the gas later when you actually need it. By doing this, you will avoid the increases that happen every week.

More info after the jump.

SEAOIL fixes gas price at P53.50 a liter through Prepaid Card

SEAOIL Philippines Inc., the largest independent retailer of petroleum products in the country, has introduced an industry-first prepaid card that pegs a customer’s gasoline purchase at P53.50 per liter.

Company officials explained that the Price Lock Prepaid Fuel Card can be used to buy 20 liters of gasoline (G5 X-treme and Unleaded) from any SEAOIL participating stations. The selling period is from June 10-16, 2008. Each card costs P1,070 and is valid for 10 weeks (June 10 up to August 16, 2008).

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 also during the period, i.e. the price goes down to less than P53.50 a liter, SEAOIL will refund unused (unscratched) fuel prepaid cards.

The Price Lock Prepaid Fuel Card will be made available at the following participating SEAOIL stations: EDSA, Imelda Avenue, Maybunga, P.Tuazon, Pasig Boulevard, Commonwealth, Malabon, Merville, Paco, E. Rodriguez, Paraluman, Mindanao Avenue, Panaderos, Tandang Sora and Buendia.

SEAOIL will also be selling the prepaid card in the following offsite points: Metrowalk and Tiendesitas in Pasig City, Greenhills Shopping Center in San Juan and Shopwise in Cubao, Quezon City.

The card is valid for a single transaction only, which means customers should use up its entire 20-liter value since any unconsumed amount, such as a 19-liter purchase, will forfeit the remaining card value.

Only SEAOIL station attendants are authorized to scratch the silver coating of the prepaid card upon purchase and claim the same card after the customer fills up.

About Sea Oil

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 petroleum firm outside the Big 3 of Petron, Shell and Chevron (Caltex) with over 130 outlets nationwide and about 3 percent share of the retail market.

Consistent with its thrust of innovation, the company pioneered the promotion of biofuels and other alternative fuels in the country, being the first to introduce the use of ethanol as a gasoline blend. In 2005, two years before the implementation of the Biofuels Act, SEAOIL already offered the first 10-percent ethanol blended gasoline or E10, now available in its nationwide retail station network along with the similarly mandated 1 percent biodiesel blend.

You know what’s amazing? The prices of gas right now are at almost the 60 peso level. That means if you bought gas using the prepaid card, you’d be saving almost 7 pesos per liter. By the way, here are some stores that also sell the prepaid card:

1. Tiendesitas - June 20 to 21(5pm to 11pm) June 22 (11am to 5pm)
2. Shopwise - June 20 to 22 (1pm to 7pm)
3. Metrowalk - June 20 to 21 (5pm to 11pm)
4. Greenhills (Peri Peri, beside Teriyaki Boy Promenade) - ongoing daily till June 22 (1pm to 7pm)
5. Greenhills (V-Mall) - June 20 to June 22 (1pm to 7pm)

Here’s to wishing Seaoil success for this promotion. This is really one sales strategy that is customer-centric.