They have started the upgrade in Batangas Province. I wonder how long it takes to upgrade a 110000 BPD refinery.![]()
They have started the upgrade in Batangas Province. I wonder how long it takes to upgrade a 110000 BPD refinery.![]()
Matagal pa. They might not even make it to the 2016 deadline.
Tabangao is a much older refinery than Petron's Limay refinery..
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Unfortunately Shell will only be able to release Euro4 fuels by next year unlike Petron.
Im guessing Caltex/PTT will soon follow after Petrons Euro4 lead.
I wonder if ToyotaPH is testing the Petron Euro4 fuels on their GD engined test mules.
Yup. Petron leads with approx 36% market share, Shell has around 32%, Caltex has about 15% nalang.
Too early to tell. It depends on whether competitors will raise prices to maintain the same unit margins despite higher product costs.
Nope. They can't raise prices because the market still cares more about price than product quality. The majority of the market will not pay an addition 2 pesos for Euro IV that they won't notice anyway.
No significant difference since your engines are optimized to run with Eu II fuel anyway.