Petron sales improve despite boycott threat

December 18, 2006

Panay News, Dec. 18, 2006

ILOILO City – Notwithstanding the calls to boycott its products due to the oil spill in Guimaras brought about by the sinking of M/T Solar 1 it chartered to carry its 2.1 million liters of bunker fuel, Petron Corp. announced that its retail market share in the Visayas region has in fact improved.

“Our market share is improving on a year-on-year and a month-on-month basis for the Visayas region although it dipped slightly in October,” Public Affairs Officer Raffy Ledesma said, referring to Petron’s Visayas retail market shares report (relative to other oil majors) covering the months of August to October.

Based on the data released by Petron, in August 2006 the oil company had a market share of 42.8 percent compared in August 2005 where it only had a 41.43 percent from its petroleum products sales – Blaze 96+, XCS Plus 95, Xtra UNL 93, RLF Regular, DieselMax, Gasul and lubricants.

On August 21, 10 days after the tanker sunk, several municipal mayors from the coastal towns of Iloilo province met with Gov. Niel Tupas Sr. and agreed to boycott Petron products in their aim to force the oil company to re-float the vessel to prevent further damage it may cause to the environment.

Dumangas Mayor Rolando Distura initiated the attempts because the slick from the ill-fated Solar 1 continues to ravage Guimaras and threatens the coastal towns of Iloilo and Negros Occidental.

Aside from Distura, the mayors from the municipalities of Barotac Nuevo Banate, Ajuy, Concepcion and Carles had concurred with the idea following confirmation that sheens from the sunken vessel already reached their shoreline at that time.

On September 2006, a month after the August oil spill, Petron’s market share even increased by four percent, equivalent to 43.2 percent, from the previous month, Ledesma revealed. Also, a vast increase was observed compared to September last year’s 41.72 percent only.

“We have always strived to give our consumers only world-class quality products and services. Despite this unfortunate incident, out customers continue to trust and patronize the Petron brand,” Petron Public Affairs Manager Virginia Ruivivar said in a statement.

In October this year, the company’s market share reached 42.9 percent while on the same month last year, it has a market share of 41.71 percent.

Ledesma said, “we estimate that oil consumption has dropped by about 10 percent industry-wide versus last year. We saw the bellwether Dubai crude hit at all-time highs in July and August this year.”

Buti pa ang Petron me improvement sa sales. E ang mga tiga-Guimaras naapekto ng oil spill, me improvement ba ang buhay? Thank you for this most enlightening press release story.


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