Latest Stories

Jetti sets aside P100M to open more branches

With broader retail reach, oil firm hopes to improve sales


Independent player Jetti Petroleum has set aside at least P100 million to further expand its retail network to a total of 120 gas stations by yearend.

MANILA, Philippines—Independent player Jetti Petroleum has set aside at least P100 million to further expand its retail network to a total of 120 gas stations by yearend.

The planned expansion is expected to help strengthen the company’s presence in the local downstream oil market amid growing competition among local players, said Jetti Petroleum corporate affairs manager Leo P. Bellas.

Bellas explained in a briefing last Friday that the downstream oil industry has already become a “very competitive industry” due to the influx of players. This was also the reason why the company posted “flat sales” in the first quarter this year compared to that of the previous year, despite the increase in the number of gas stations.

As of end-March this year, Jetti Petroleum has a total of 100 gas stations, 44 of which are in Luzon, 18 in the Visayas and 38 in Mindanao.

Bellas did not disclose much detail, but he pointed out that last year, 268 million liters were sold, accounting for less than 2 percent of the market.

On a quarterly basis, the volume of products sold averaged at about 67 million liters, he added.

On a monthly basis, Bellas said the Luzon stations’ sales would average at 10 million liters—a figure that they are targeting to increase to about 20 million liters, once the planned gas stations are operational.

To support its planned expansion, Jetti Petroleum recently started the construction of its P1-billion bulk terminal in Mariveles, Bataan, with a rated storage capacity of 68 million liters. This will be the company’s fifth fuel depot.

Once completed, the Bataan bulk terminal will enable Jetti to engage in direct fuel importation in Luzon to supply the requirements of the company’s growing retail network on the island.

The depot will likewise boost the supply chain and overall operations of the 100-percent Filipino-owned oil company. Its retail stations serve as “catalyst for reasonably priced fuel in Jetti’s host communities,” the company said.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Energy , expansion , Jetti Petroleum , Oil and Gas - downstream activities , Philippines

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • After quake, makeshift churches welcome pilgrims in Bohol
  • UN warns banana fungus spreading from Southeast Asia
  • Massive infra spending set
  • ‘No real progress in PH if dynasties not dismantled’
  • Cardinal Tagle to faithful: Join politics to clean it
  • Sports

  • Federer would skip tennis to be with wife, newborn
  • Manny Pacquiao in PBA? If so, he’ll wear No. 17
  • PSC sets Blu Girls US training
  • Power Pinoys settle for 7th place
  • Successful coaches to get raise
  • Lifestyle

  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • The truffled mac ‘n’ cheese, eggs benedict, chicken leg confit are excellent
  • Entertainment

  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • ‘Community’ star happy with return of show’s creator
  • Jealousy is kid stuff
  • Mommy-daughter adventure continues
  • Business

  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • PH seen to sustain rise in FDIs
  • Gov’t subsidies to state firms fell in first 2 months
  • Technology

  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Another reason to quit social media this Holy Week: your safety
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Milpitas, California kids wrap up a successful run of ‘The Wiz’
  • Netizens welcome Japan’s visa-free travel plan
  • Marketplace