PriceLOCQ app now accepted in more Seaoil stations nationwide

INTRODUCED IN 2020, PriceLOCQ now has more than 200,000 active users. Seaoil, in partnership with financial technology company LOCQ, OPC, looks to grow the acceptance of the facility from 260 Seaoil stations to more than 400 before the year ends.

“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,” said Seaoil President for Retail and CFO Mark Yu in a statement, adding that businesses can also make the most out of their fuel budget through PriceLOCQ for Business (PLB).

Packaged as an all-in-one web portal, PLB can lock current oil prices before a projected increase for future use, and fuel can still be redeemed at the same price. Fleet managers and businesses can opt to buy and store as much as 10,000 liters of gasoline or diesel in a virtual tank, reflected as “fuel balance.”

Fleet managers and owners using PLB can distribute purchased fuel to drivers anywhere in the Philippines via SMS through the portal. Once sent to recipients, they can simply present the code sent and gas up at Seaoil branches nationwide that accept PriceLOCQ.

As a reminder, Seaoil shared some tips on how to maximize PriceLOCQ’s money-saving benefits. First, consumers are asked to understand price trends by making long-term and short-term comparisons. Compare long-term price trends to understand if current prices are really high or if are merely in flux for a short period. Conversely, use short-term price trends to plan current fuel purchases. Second, maximize savings from PriceLOCQ by buying fuel when prices are low and redeeming when prices are high. Remember, fuel can be purchased ahead of time through the PriceLOCQ app and PriceLOCQ for Business platform. Lastly, consumers are asked to be realistic about the amount of fuel that is purchased.

For more information on PriceLOCQ, visit www.pricelocq.com. Learn more about PriceLOCQ for Business by visiting https://www.pricelocq.com/about-us/pricelocq-for-business.