More Seaoil stations now accept PriceLOCQ

MANILA: PriceLOCQ, Seaoil's fuel-saving smartphone app developed in collaboration with fintech firm LOCQ, continues to grow as it becomes available in more Seaoil stations across the country.

PriceLOCQ has expanded to over 200,000 active users since its launch in 2020. The mobile app is currently accepted at over 260 Seaoil stations Seaoil aims to have more than 400 stations across the country offering PriceLOCQ by the end of the year.

In a statement, Seaoil President for Retail and Chief Financial Officer Mark Yu said, “PriceLOCQ’s primary goal of helping our consumers be more cost-efficient and save on fuel costs is timelier than ever. Doubling the expansion and rollout of PriceLOCQ in Seaoil stations is one of our targets this 2022 and it’s steadily moving. The app being available to more motorists is needed as fuel prices are volatile due to events happening around the world that affect the global fuel market.”

Yu also mentioned that PriceLOCQ for Business (PLB) can help businesses get the most out of their fuel expenditures. As an all-in-one platform, PLB may lock current oil prices before an anticipated increase for future usage, and fuel can still be redeemed at the same price. Business owners and fleet managers can purchase and store up to 10,000 liters of gasoline or diesel in a virtual tank, which is shown as "fuel balance."

Fleet managers and owners using PLB may distribute acquired fuel to drivers anywhere in the Philippines via SMS through the platform. Once the recipients get the code, they can simply show it and fill up at any Seaoil branch that accepts PriceLOCQ.

As a reminder, Seaoil provided some advice on how to get the most out of PriceLOCQ's cost-cutting features. To begin, do long-term and short-term comparisons to better understand price trends. Compare long-term price trends to determine whether current prices are too high or just a temporary adjustment. Use short-term pricing patterns to plan current gasoline purchases. Second, take advantage of PriceLOCQ's savings potential by purchasing fuel while prices are low and redeeming when prices are high. Users  can buy gas in advance using the PriceLOCQ app or the PriceLOCQ for Business platform. Finally, be reasonable about the amount of purchased fuel. It is important to understand the  fuel use and use it as a starting point.

To learn more about PriceLOCQ, log on to pricelocq.com.

Image from Seaoil

Also read: Delivery riders, working student win lifetime free gas from Seaoil