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PTT Philippines signs $134mn jet fuel supply contract with Cebu Pacific

PTT Philippines and Philippine budget airline Cebu Pacific have recently renewed their jet fuel supply agreement.

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Author: PetrolPlaza Correspondent Daniel Infante Tuaño

PTT Philippines President and Chief Executive Officer Sukanya Seriyothin and her Cebu Air counterpart Lance Gokongwei have signed the PHP7-billion (approximately US$134 million) supply contract for 2018.

For more than 15 years, the Philippine subsidiary of Thai state-owned PTT has been supplying jet fuel to the low-cost airline.

PTT has been in the country for more than 20 years, and aside from its jet and maritime fuel business, it operates 122 petrol stations and the Café Amazon coffee shop chain.

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