SEAOIL Philippines has partnered with fintech company LOCQ, OPC for a fleet management solution that allows customers to purchase fuel at today’s prices, store the fuel price in their virtual tank, and redeem it whenever they want to.
PriceLOCQ is available for retail and corporate customers.
“PriceLOCQ for Business is the only solution that allows businessmen to hedge against fuel prices – that is to lock in fuel prices when they are low and redeem at SEAOIL when prices go up,” said Glenn L. Yu, SEAOIL Philippines President and CEO.
PriceLOCQ for Business works through a secure web portal where one can monitor and manage the driver, vehicle and fuel usage. One can issue fuel codes to drivers which station attendants can verify before gassing up. It also allows companies to view and download real-time reports to monitor transactions.
This is also open for retail customers by downloading the app on their mobile, purchasing fuel at today’s prices, locking them in and gassing up at their preferred time.
SEAOIL has also entered into a line of vehicle servicing by opening its own branded service center, LubeServ.
The first branch is in Anabu in Cavite, which is surrounded by residential developments. LubeServ offers automotive repairs and lubricant services using SEAOIL’s high-quality engine oils and ancillary products.
LubeServ on Wheels is a variation of the service, bringing expert mechanics to the customer’s location. The service is currently available in the areas of Taguig, Makati, Mandaluyong, San Juan, Pasig, Marikina, Quezon City, and Cainta.
“Like LubeServ and LubeServe on Wheels, PriceLOCQ is part of SEAOIL’s response to changing market needs. Concern for rising fuel prices, health safety, and greater convenience in repairs and maintenance are all addressed by these new services,” Yu said.
SEAOIL aims to open 1,000 stations by 2023 and further improve its growing lubricants market share.
“Our retail and terminal expansion have remained on-track. We opened our 500th station along Meralco Avenue in September last year, and this month we are opening our 600th station in Sepung Calzada, Tarlac City,” Yu added.