If we notice, fuel prices have continuously increased recently this month. Yesterday, SEAOIL Philippines announces a new feature that can save you from these gas price hikes.
Locq it now, load it later
The oil company announced in a statement that it had recruited the fintech firm “LOCQ, OPC” to provide a fleet management system. That would allow businesses to keep oil prices and save them in their “virtual tank.”. With that, they can use the fuel stored in the virtual tanks to replenish their fleet at SEAOIL “even when the gas prices are high”.
According to SEAOIL, companies can also send fuel codes to their drivers, which store attendants can validate.
Meanwhile, retail consumers may download the app, buy fuel at current pricing, lock it in at the current rate, and then fill up at their desired time.
“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,” SEAOIL Philippines President and CEO Glenn Yu said.
It also ventured into automobile service under the brand LubeServe, with the first shop opening in Anabu, Cavite.
SEAOIL mentioned that the servicing arm includes an on-the-go LubeServ on Wheels version that allows mechanics to arrange appointments online. In addition, it currently serves Taguig, Makati, Mandaluyong, San Juan, Pasig, Marikina, Quezon City, and Cainta.
“Like LubeServ and LubeServe on Wheels, PriceLOCQ are 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 announced the opening of its 600th station in Tarlac, with intentions to establish 1,000 branches by 2023.
This solution of SEAOIL Philippines is very timely since we are currently amid a pandemic. If you are not aware, fuel prices are consistently rising for eight weeks straight already. In Metro Manila, gasoline prices have risen to more than P60 liter, while diesel prices have risen to more than P50.
It is very helpful since you can buy gas at the current price and store it in the virtual tank. So, even the price of gas went up in the coming days, you already have stored gas that you bought at a lower price.
You may download the PriceLOCQ app from the Google Play Store or the Apple App Store.
To know more about this application, just visit the official website of pricelocq.
