SEAOIL Philippines Inc., the largest independent retailer of petroleum products in the country, is bringing back the first fuel prepaid card that locks gasoline price at a fixed amount of P52 a liter for a period of two months to protect customers from price increases.
The Price Lock Prepaid Fuel Card can be used to buy 20 liters of gasoline (Extreme 97, G5 X-treme and G5 Unleaded) from any SEAOIL participating stations.
Selling period is from March 9 to March 16, 2011. Each card costs P1,040 and is valid for nine weeks from March 9 to May 15, 2011.
"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," SEAOIL President and CEO Glenn Yu said.
In case of a price rollback within the validity period, clients can consume up to P1,040 worth of indicated gasoline based on the current pump price.
If the current pump price is P50, customers can load up to 20.8 liters of gasoline using the Price Lock Prepaid Fuel Card.
The Price Lock Prepaid Fuel Card is valid for single transaction only. Customers should use the 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.
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.*PNA