Jetti Petroleum earmarks P1.5 billion to put up 100 stations

MANILA, Philippines — Jetti Petroleum Inc. is ramping up its expansion as it earmarks P1.5 billion to put up 100 additional stations until early 2025.

The independent oil player is poised to end the year with a total of 200 stations, and is targeting to bring its network to 300 stations by the first quarter of 2025.

Jetti recently invested P15.5 million for the renovation of its Macapagal station in Pasay City, which the company reopened last week after closing it on December 2019.

The Macapagal station first opened in 2004 and has been in service for around 15 years before closing for renovations.

Jetti said the station was one of the first petroleum stations in the Pasay central business district area and has been a strategic fuel and service hub for many motorists and public utility vehicles.

“Jetti Macapagal Station is the company’s flagship station and is part of a new design concept that shares the same space with the company’s corporate headquarters,” Jetti Petroleum president Leo Bellas said.

“The company strategically envisioned this property to be a landmark point of destination that will also embody our slogan Gasolina ng Bayan and continue providing quality fuels to consumers at fair prices,” he said.

Jetti is a purely Filipino-owned independent oil company established in 1998.

The company has three international import terminals and three domestic terminals nationwide.

Its retail service stations are mainly located along artery roads within easy access of communities where they can be conveniently reached by motorists.

Jetti is the fourth largest independent oil player in the country in terms of market share for petroleum products based on data from the Department of Energy as of June 2023.

Its market share of the total demand stood at 2.50 percent, behind Unioil’s 8.29 percent, Seaoil’s 7.74 percent and Insular’s 6.63 percent.