Price Lock Prepaid Fuel Card Introduced by Sea Oil

One of the major problems our country is facing right now is the constant rising of fuel prices. Analyst are already speculating that fuel prices might reach Php60.00 per liter next month. With the constant increase of oil prices in the world, I’m pretty sure fuel prices in our country will continue to rise.

SEAOIL Philippines Inc., the largest independent retailer of petroleum products in the country, plans to challenge the rising gas prices by introducing an industry-first prepaid card that is priced at a flat rate of P53.50 per liter.

Prepaid Fuel Card Details:

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).

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.

I think this is a good way to save money especially for those heavy gasoline consumers. And with the less likely event of a price rollback like say the price of gas goes down to less than P53.50 a liter, SEAOIL will refund unused (unscratched) fuel prepaid cards. That sounds a very good deal to me.

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