Oil player PTT Philippines and budget carrier Cebu Pacific Air signed a P7-billion fuel supply contract for 2018.
PTT Philippines and Cebu Pacific renewed their jet fuel supply agreement with the former sustaining its position as the major supplier of the Gokongwei-owned airline’s aviation fuel requirements.
PTT Philippines president and chief executive Sukanya Seriyothin and Cebu Air president and chief executive Lance Gokongwei signed the agreement.
“Cebu Air has been a loyal and good business partner,” Seriyothin said.
“Our partnership for more than 15 years is a testament of how it has been growing stronger for years,” she said.
PTT has been in the Philippines for more 20 years now and is also into the fuel retail business with 122 service stations spread across Luzon and Central Visayas.
It diversified into non-oil business with the introduction to the Philippine market of its coffee shop chain, the Café Amazon, that originated from Thailand.