PTT Philippines Invests ₱1.5B in Five-Year Growth Plan, Sets Sights on Aviation Fuel
Thai-owned energy company PTT Philippines is allocating more than ₱1.5 billion to fuel its expansion efforts across the country through 2030.
In a media briefing held on Friday, April 11, company officials shared their goal of increasing the number of PTT fuel stations nationwide to 280 within the next five years.
PTT Philippines President and CEO Athiwat Rattanakorn said the company is determined to strengthen its presence throughout the Philippines, with a key focus on growing its network in Luzon and the Visayas regions.
From its current total of 170 stations, the company is not only looking to expand its physical reach but also aims to enhance its brand visibility across the country.
As part of its efforts, PTT also introduced a new lineup of enhanced fuel products, including Power+ gasoline, Eco+ gasoline, Ultra+ diesel, and Save+ diesel.
Source: Power Philippines
“These new fuels are designed to deliver a better driving experience, offering improved mileage and engine protection to extend engine life,” Rattanakorn explained.
Meanwhile, Apichate Thipphayakosai, PTT Philippines’ supply and logistics director, clarified that although the expansion only targets an additional 110 stations in five years, the company is placing significant emphasis on entering the aviation fuel segment.
“We’re not focusing solely on expanding the number of stations. What matters is making smart investments,” he said. “Aviation fuel is a strong potential revenue stream, especially for local flights.”
In addition to growing its retail network, PTT is taking steps toward sustainability by integrating solar energy into its stations.
“Our goal is to install solar panels at all our stations, depending on their size. This year, we’re targeting a total of three megawatts (MW), starting from our current one MW,” Thipphayakosai noted.
Although solar technology has become more affordable, he mentioned that installations might be challenging in some areas due to location constraints.
“The good news is solar costs have been dropping since last year. The estimated price per megawatt-peak (MWp) ranges from ₱70 million to ₱80 million,” he added.
