Petron to open more than 250 gas stations in Malaysia and the Philippines
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The Philippines’ largest oil refiner and distributor Petron Corporation is set to further expand its retail business as it continues to enjoy stronger sales and positive growth potentials, reported The Standard.
Source: Petron Corporation Facebook Page
This year, Petron targets to add more than 250 gas stations to the existing 2,800 Petron stations in Malaysia and the Philippines.
The company, in fact, has already carried out a significant gas station network expansion in Malaysia with the acquisition and rebranding of approximately 550 ExxonMobil stations.
It also plans to upgrade its Port Dickson Refinery, according to Petron president and chief executive Ramon Ang.
Ang also disclosed plans to put up 12 retail stations along the Philippines’ 88.5-kilometer, two-lane Tarlac-Pangasinan-La Union Expressway (TPLEX).
TPLEx has a high traffic volume as it connects the central and northern Luzon provinces to Manila through the Subic-Clark-Tarlac Expressway and the North Luzon Expressway.
Petron’s parent firm San Miguel Corporation (SMC), through the Private Infra DevCorporation (PIDC), the concessionaire in TPLEx, provides management services, toll collection, traffic safety and security management, toll road maintenance, and other related services along the expressway.
Questions & Answers
Q.How many new gas stations does Petron aim to open this year across Malaysia and the Philippines?
How many new gas stations does Petron aim to open this year across Malaysia and the Philippines?
Petron targets to add more than 250 gas stations this year. This expansion will build upon their existing network of 2,800 stations across both countries, indicating a significant retail growth push for the company.
Q.Which specific infrastructure project in the Philippines will see new Petron retail stations?
Which specific infrastructure project in the Philippines will see new Petron retail stations?
Petron plans to establish 12 retail stations along the Tarlac-Pangasinan-La Union Expressway (TPLEX). This expressway, spanning 88.5 kilometres, connects central and northern Luzon to Manila, offering high traffic volume for the new sites.
Q.What significant acquisition has Petron already made to expand its network in Malaysia?
What significant acquisition has Petron already made to expand its network in Malaysia?
Petron has already significantly expanded its Malaysian network by acquiring and rebranding approximately 550 ExxonMobil stations. This move helped bolster their presence before the current expansion targets were set for the region.
Q.What other major upgrade does Petron plan besides opening new stations?
What other major upgrade does Petron plan besides opening new stations?
Besides opening new stations, Petron also plans to upgrade its Port Dickson Refinery. This indicates an investment in its operational infrastructure beyond just expanding its retail footprint across its key markets.
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