The country’s second largest oil firm ended 2020 with 1,096 stations.
“One of our key priorities is the continuous growth of our retail network,” Pilipinas Shell president and CEO Cesar Romero said during a media event Monday night.
Shell rival Chevron Philippines Inc., which markets the Caltex brand, also announced the opening of new service stations in Pampanga, Pangasinan, Bataan, Batangas, Cebu, and Bukidnon as part of efforts to helo boost the local economy.
This brings the total number of newly-opened Caltex stations in 2020 to 30.
Caltex presently has a growing retail structure composed of nearly 650 retail stations across the archipelago, a figure that is expected to climb as Caltex opens more stations this year. This is a testament to the success of its retailer-owned retailer-operated business model.
“To match the Filipinos’ increasing demand for better fuel, while catering to key industries that are gradually reopening, we seek to sustain the upward trend of our retail network growth this year and onwards. We are constantly expanding our brick-and-mortar network to power a worthwhile journey for our customers wherever they are,” said CPI country chairman and general manager Billy Liu.
The opening of more Shell and Caltex stations will help the local fuel industry meet the increasing demand stiffened by the country’s improving economy.
According to the Asian Development Outlook 2020 Update, the Philippines’ gross domestic product is forecast to grow by 6.5% in 2021.