Phoenix Petroleum Philippines Inc. has signed a jet fuel supply agreement with Philippine Airlines (PAL) for the latter’s Jet A-1 requirements at the Francisco Bangoy International Airport in Davao City.
The company did not disclose the amount involved in the said deal.
Phoenix Petroleum said PAL will be among its aviation clients to benefit from its recently established airside facility at Davao airport that includes a storage tank with a capacity of 160,000 liters of Jet A-1 fuel, a laboratory testing room for supply quality control, a staging area for trucks and aviation refuellers and an office space.
As of the first quarter, the company has 615 stations nationwide. According to data from the Department of Energy, as of the first half of the year, Phoenix Petroleum’s local market share is at 7.09 percent.