July 03 Update # 2: New prices, selling location and new duration. Please see items in red.

Update: Selling is up to June 22, 2008.

Last Saturday, I witnessed again the rise of gasoline prices. Unleaded gasoline is now priced at ~Php60.00 per liter and it’s going to go up every week. There had been reports that gasoline prices are going to reach as high as Php 65.00 per liter! To owners of gasoline powered cars, this is going to be a huge dent to our pockets however, Seaoil, an independent fuel company has decided to ease the burden of rising gas prices by launching their first ever Seaoil Prepaid Card.

Here is some quick info about it.

What?

• The Seaoil Prepaid card is going to be sold at PHP1,180 and it is equal to 20 Liters of unleaded gasoline. THe price per liter would be PHP59.00.

Where?

• ALL SEA OIL GASOLINE STATIONS
• SEAOIL will also be selling the prepaid card in the following offsite points:

Greenhills Theatre Mall (in front of Starbucks), Greenhills V-Mall (in front of SM Appliance Center), Shopwise (2nd level parking) and Metrowalk (Activity Center near Starbucks).

Here’s the schedule:

Theatre Mall, V-Mall, Shopwise - July 4-6 July 11-13 (Fridays-Sundays), 11am-6pm

Metrowalk - July 4-5 and July 11-12 (Fridays and Saturdays), 5pm-12mn

When?

• Seaoil will be selling these prepaid cards on July 5 to July 20 however the validity of the card is from June 5 to September 20, 2008.

Complete Article Below

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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
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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.

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To those who’s vehicles are using unleaded gasolines, this is a good alternative. Hurry now and avail while it lasts. ^_^

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