Phoenix Petroleum sustains LPG business growth

Uy-led Phoenix Petroleum Philippines Inc. has registered sustained demand expansion for its liquefied petroleum gas business, partly due to robust sales in the canister segment.

“Sales volume in Visayas-Mindanao is getting a boost from its emerging canister business. The expansion into new markets and product innovation, alongside strong business fundamentals, contributed to the notable growth of LPG — doubling its market share to 8.0-percent in less than five years,” Phoenix Petroleum noted.

He indicated that while the pandemic caused a historic decline in global fuel demand as commercial and transport segments weakened, “LPG consumption remained strong as many households continue to stay home and appreciate the joys of cooking.” At the height of the pandemic in the past two years, the oil industry business had been on slump, but it was the LPG segment of the business that continually thrived because the mobility restrictions compelled many consumers to resort to household cooking due to mobility restrictions.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Transacting business not sole basis for imposing local business tax | Fulvio D. DawilanLocal government units are granted the power to create their own sources of revenues by no less than the Philippine Constitution. That power is further defined under the Local Government Code of 1991 (LGC). And provided that there is a valid tax ordinance enacted by the respective local legislative body…
Source: BusinessMirror - 🏆 19. / 59 Read more »

CCLEX to ‘slowly’ boost toll road group’s earnings - BusinessWorld OnlineMetro Pacific Investments Corp. (MPIC) expects that the opening of the Cebu-Cordova Link Expressway (CCLEX) will gradually boost the earnings of its toll roads business starting this year, its chairman said. READ: Despite IamMVP's fears, I think the CCLEX will earn quickly. Cebu needs bridges so urgently that a fourth one is already in the works. MPICCorpComm
Source: bworldph - 🏆 9. / 68 Read more »