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Manila Bulletin devider Business devider PTT Philippines eyes aviation fuel market as it embarks on ?1.5-billion, five-year expansion

PTT Philippines eyes aviation fuel market as it embarks on ?1.5-billion, five-year expansion

Published Apr 11, 2025 08:29 am

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Thai-led oil firm PTT Philippines is setting aside over ₱1.5 billion worth of investments to expand its operations in the country until 2030.

In a briefing on Friday, April 11, PTT Philippines officials said the company is eyeing to increase its fuel stations to 280 within the next five years.

Athiwat Rattanakorn, president and chief executive officer of PTT Philippines, stated that the oil firm aims to improve its nationwide presence, particularly focusing on establishing more stations in Luzon and Visayas.

Currently operating 170 stations throughout the Philippines, PTT plans to not only boost its pumping stations but also increase the brand’s presence.

The firm has also introduced a reformulated line of fuel brands, namely Power+ gasoline, Eco+ gasoline, Ultra+ diesel, and Save+ diesel.

“This is going to redefine high-performance fuels as they are intended to improve driving experience not only in terms of mileage but also the cleaning and protection formula for the engine to last longer,” Rattanakorn said.

Apichate Thipphayakosai, supply and logistics director of PTT Philippines, clarified that while they’re only aiming to add around 110 stations in the next five years, they’re focused on the aviation industry.

“We don’t go aggressively on the number of stations… We have to invest effectively in terms of that one,” he told reporters. “But one other thing that can be the mainstream [source] of revenue of PTT Philippines is aviation. We can say that [for] most of the domestic flights.”

Aside from expanding its filling stations, PTT is planning to integrate renewable energy (RE) into their operations, specifically through solar power.

“We plan to install [solar] in every station that we have, [but] it depends on the size of the station as well. The total number offer is one megawatt (MW), and we’re looking for three MW this year,” Thipphayakosai said.

Despite solar technology becoming increasingly cost-effective, he explained that solar integration may be complicated for some locations due to access limitations.

“The good sign is that the price [of solar] is going down since last year… The rough number per megawatt is ₱70 million to ₱80 million per megawatt-peak (MWp),” he added.

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