SEAOIL allows users to "lock" gas prices with a virtual tank!

SEAOIL Philippines recently introduces a new feature to allow business and retail customers to save on their fuel budgets.

PriceLOCQ can serve as a virtual gas tank

Companies and consumers can lock gas prices for future use

According to the independent oil company, it tapped LOCQ, OPC to offer timely solutions as the prices of oil commodities in the global market continue to rise.

One of these is to allow consumers to lock in gas prices for use when the costs of fuel products spike. It will also enable companies to retain oil prices and store them in their "virtual tank."

Under the PriceLOCQ for Business program, fuel stored in virtual tanks can be used to refuel their fleet at SEAOIL "even when the gas prices are high,". The company also mentioned that firms can issue fuel codes to their drivers then store attendants can verify them. 

SEAOIL President and CEO Glenn Yu said,

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

For retail clients, they can download the app and buy fuel at current prices then lock them in at the current rate. SEAOIL said that they can load up on gas at their preferred time.

SEAOIL also mentioned that it has now vehicle servicing called LubeServe, with the first branch located in Anabu in Cavite. The oil company said that servicing arm has an on-the-go LubeServ on Wheels version which offers online booking for mechanics. As of now, it reportedly services Taguig, Makati, Mandaluyong, San Juan, Pasig, Marikina, Quezon City, and Cainta.

You can download the PriceLOCQ app on Google Play Store or Apple App Store.

Source: ABS-CBN