PTT to serve fuel needs of Cebu Pacific in offshore destinations

CONCEPCION, Tarlac – Thai leading oil firm subsidiary PTT Philippines is targeting to serve the fuel needs of Gokongwei-owned airliner Cebu Air, Inc. on its various offshore destinations in Asia.

This will be on top of the R7.0-billion fuel supply contract that the two firms signed for this year, 2018 to meet Cebu Pacific’s fuel requirements for its Philippine operations – that would be across island-destinations in Luzon, Visayas and Mindanao.

According to PTT Philippines Trading Corporation General Manager Danilo Alabado, the overseas destinations of Cebu Pacific could still be prospectively fetched for additional 10 million liters in their monthly volume sales.

The countries of Cebu Pacific operations that could be targeted as PTT’s expanded industrial market would be Australia, Cambodia, Dubai (United Arab Emirates) and Hongkong, he told reporters on the sidelines of the commercial inauguration of the company’s SCTEX station on Tuesday (February 13).

On its Cebu Pacific fuel supply deal for domestic routes, Alabado noted that the airliner’s volume procurement had been on continuous uptrend.

For this year’s contract, it was noted that it had gone up by 10percent to R7.0 billion worth from the year-ago level of R6.0 billion. The deal was inked recently by PTT Philippines President and Chief Executive Officer Sukanya Seriyothin and Cebu Pacific President Lance Gokongwei.

Cebu Pacific has 35 million liters in demand monthly, and 23 million is on PTT’s account – while the balance is served by the other oil firms.

Seriyothin said “Cebu Air has been a loyal and good business partner,” noting further that “our partnership for more than 15 years is a testament of how it has been growing stronger for years.”