Amid volatile oil prices, Pilipinas Shell Petroleum Corp. (PSPC) said it plans to add more service stations and import terminals. Know more:
Amid volatile oil prices, Pilipinas Shell Petroleum Corp. said it plans to add more service stations and import terminals.
“We have over 1,100 stations at the end of mid-last year. We will continue to grow that 40 to 60 sites year-on-year until 2025. To do that, we’ve committed to have five medium-range capable import terminals,” said PSPC President Lorelie Quiambao Osial. “If that’s continuing, a number of macroeconomic conditions still changing, you can probably venture to guess what will happen. Still, volatilities determined by market factors, macroeconomic conditions, geopolitics,” she said when asked how the conflict will affect the company’s profitability.
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