Oil Price Watch

[joemarski]

Panong 1 is to 1? As in 1 kilometer per liter?
Yun nga e parang unfair na yung price gap ng gas at diesel.

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Panong 1 is to 1? As in 1 kilometer per liter?
Yun nga e parang unfair na yung price gap ng gas at diesel.

Porsche... 1 kilometer per liter? hindi naman...
pag- push mo pa lang ng Start Button niyan, 1 liter na agad nabawas sa fuel mo. :bwahaha:

wala akong Porsche, but i think it runs about 3-5kms per liter (Porsche 911).

[jut703]

US oil falls below $40; lowest in six years | Inquirer Business

Damn, something is terribly wrong on how fuel is priced today. Last time the lowest oil prices was at $43/barrel the gas price here is about P34. Now it's already even below the $43 yet the price is just to break P38. Is the strong $ worth P4 difference?

Prices of gasoline take longer to react to crude price movements. But the past 2 weeks, gasoline rollbacks have been much larger than diesel's.

[StockEngine]

Jut

How long does it take for a tanker to travel from middleeast to pinas?

[jut703]

Jut

How long does it take for a tanker to travel from middleeast to pinas?

Tankers don't go from middle east to the PH, they go from the middle east (or other oil producing countries) to refining hubs like Singapore. Not sure how long that takes, but prices aren't really dependent on the actual logistic travel time, but more on the trading of raw materials to refine crude into diesel and gasoline.

[StockEngine]

Shell and petron bro

[jut703]

Shell and petron bro

Galing pa rin Singapore ang raw mats. Our local refineries can't refine pure crude.

Edit: Not too sure about Petron's supply chain. I've heard before they get from Saudi Aramco directly. Basta I'm sure with Shell Tabangao, sa SG nanggagaling ang supply.

[Monseratto]

Brent just loss US$ 6.00 from August 19, doing below US$ 43.00. More bad news about China's screeching economy and it will hit US$ 40.00 within this week...

[Syuryuken]

Jut totoo bang pumapalo lang ng 7 pesos per liter ang diesel sa 10,000liters? May isa kasing tao ng Filoil na nag-offer sakin kung gusto kong magpatayo ng gas station dito.

[jut703]

Jut totoo bang pumapalo lang ng 7 pesos per liter ang diesel sa 10,000liters? May isa kasing tao ng Filoil na nag-offer sakin kung gusto kong magpatayo ng gas station dito.

Nope. Super liit lang ng margin sa diesel. Even for clients who get millions of liters per month, we can't give prices like that.

10 kl is small fry, that's just the volume of regular station in metro manila for a day. Definitely smuggled or paihi yang ibebenta sayo, even then, masyado pa rin mura ang Php 7/L.

EDIT: Bro diba nasa region 2 ka? Generally mataas ang presyo ng diesel diyan. Perhaps what he means is a Php 7.00/L margin for diesel? This is possible if the priced are high enough. Nasa 29-30 pa ang presyo sa Tugue (28 in some places) so if you'll get from a wholesaler, baka kaya ang P7/L.

Tingnan mo lang rin kung magkano volume kaya mo. Usual volume for small sites is 30-40 klpm, if 60% diesel ka, then sa gasolina P10/L ang margin mo, edi meron ka roughly P250k/month.

[StockEngine]

Galing pa rin Singapore ang raw mats. Our local refineries can't refine pure crude.

Edit: Not too sure about Petron's supply chain. I've heard before they get from Saudi Aramco directly. Basta I'm sure with Shell Tabangao, sa SG nanggagaling ang supply.

Employer mo si mr q? Hehehe

[kimbon]

Nope. Super liit lang ng margin sa diesel. Even for clients who get millions of liters per month, we can't give prices like that.

10 kl is small fry, that's just the volume of regular station in metro manila for a day. Definitely smuggled or paihi yang ibebenta sayo, even then, masyado pa rin mura ang Php 7/L.

bro, we were planning before to open up gasoline station business. we even submitted our letter of indent to big 3 players but it was declined. wala daw kaming proposed site/location. Is gasoline station lucrative business? would you consider it as your source of income if you have enough capital? TIA

[macsd]

Price of fuel per liter divided by km/liter of the ride

Bro. Grand Starex with 8 passengers : P25/6 = P4.16 per km

City : with 3 passengers : P38/10 = P3.8 per km

Innova : with 5 passengers : P38/8 = P4.75 per km

I have not Yet factored in the number of passengers...

You can do your own computation....

Got it chief, it's the consumption of your various cars that differ thus i am still on track given my case of cars.

[oj88]

bro, we were planning before to open up gasoline station business. we even submitted our letter of indent to big 3 players but it was declined. wala daw kaming proposed site/location. Is gasoline station lucrative business? would you consider it as your source of income if you have enough capital? TIA

Location, location, location.

It's not a question of it being lucrative. Every car needs fuel but if you're in a location where there's far too few cars going through, it's not going to be profitable. Selling fuel is essentially a low-margin business and will only start to make sense if you can sell in volume. What sets a station apart, all else being equal, is its location.

[jut703]

Employer mo si mr q? Hehehe

Nope

bro, we were planning before to open up gasoline station business. we even submitted our letter of indent to big 3 players but it was declined. wala daw kaming proposed site/location. Is gasoline station lucrative business? would you consider it as your source of income if you have enough capital? TIA

Tama bro, importante na may lupa ka. Super daming gustong magapply na walang lupa, but there are only few company-owned stations that are waiting for operators. Kung may mabakante man, ibibigay yun sa existing dealer network nila.

A gasoline station doesn't give the highest returns on your capital. Gone are the days na tubong lugaw sa gasolina. Sa malalayong lugar nalang pwede yung ganun ngayon, but in the Metro and in developed provinces, masyado nang intense ang competition.

The beauty of a gasoline station, however, is that it's a stable source of income. Your monthly sales don't change drastically per month compared to other businesses such as trading or importing where one month baka meron kang jackpot benta, then nganga for three months.

Dati, basta magtayo ka lang, kikita ka. Nowadays, kailangan maganda location, maganda margins na ibibigay sayo ng kumpanya (or ng supplier mo if you decide to go independent), and tututukan mo talaga to find PO clients. Speaking of PO, di ka na pwede umasa sa cash lang, kailangan mahaba rin pisi mo cuz long credit terms are the key to secure bulk accounts.

Bottomline - is a gas station a good business? It really depends.

[jut703]

Location, location, location.

It's not a question of it being lucrative. Every car needs fuel but if you're in a location where there's far too few cars going through, it's not going to be profitable. Selling fuel is essentially a low-margin business and will only start to make sense if you can sell in volume. What sets a station apart, all else being equal, is its location.

Depends. A station only generating 40 kl per month but has an average margin of 5 pesos will still earn more than a station doing 150 kl per month but only has a margin of 2 pesos.

Yes it's true that volume is the critical number to watch out for, but only if margins are equal. However, with the prevalence of wholesalers and distributors, even if you don't have much volume, you can still earn as much as the bigger players by virtue of higher unit margin.

[Syuryuken]

Nope. Super liit lang ng margin sa diesel. Even for clients who get millions of liters per month, we can't give prices like that.

10 kl is small fry, that's just the volume of regular station in metro manila for a day. Definitely smuggled or paihi yang ibebenta sayo, even then, masyado pa rin mura ang Php 7/L.

EDIT: Bro diba nasa region 2 ka? Generally mataas ang presyo ng diesel diyan. Perhaps what he means is a Php 7.00/L margin for diesel? This is possible if the priced are high enough. Nasa 29-30 pa ang presyo sa Tugue (28 in some places) so if you'll get from a wholesaler, baka kaya ang P7/L.

Tingnan mo lang rin kung magkano volume kaya mo. Usual volume for small sites is 30-40 klpm, if 60% diesel ka, then sa gasolina P10/L ang margin mo, edi meron ka roughly P250k/month.

R2 nga bro mas mataas ng 4-6/l dito kumpara sa Central Luzon. Hindi na rin maganda siguro ang kita ng gasolinahan dito marami ng nagsasara yung mga natira sarili nilang lupa yung pinagpatayuan

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Nope. Super liit lang ng margin sa diesel. Even for clients who get millions of liters per month, we can't give prices like that.

10 kl is small fry, that's just the volume of regular station in metro manila for a day. Definitely smuggled or paihi yang ibebenta sayo, even then, masyado pa rin mura ang Php 7/L.

EDIT: Bro diba nasa region 2 ka? Generally mataas ang presyo ng diesel diyan. Perhaps what he means is a Php 7.00/L margin for diesel? This is possible if the priced are high enough. Nasa 29-30 pa ang presyo sa Tugue (28 in some places) so if you'll get from a wholesaler, baka kaya ang P7/L.

Tingnan mo lang rin kung magkano volume kaya mo. Usual volume for small sites is 30-40 klpm, if 60% diesel ka, then sa gasolina P10/L ang margin mo, edi meron ka roughly P250k/month.

R2 nga bro mas mataas ng 4-6/l dito kumpara sa Central Luzon. Hindi na rin maganda siguro ang kita ng gasolinahan dito marami ng nagsasara yung mga natira sarili nilang lupa yung pinagpatayuan

[crazy_boy]

may rollback ba next week?

[StockEngine]

Increase meron...hehehhe

[pilyangswitipie]

Ohh my sana naman rollback pa din [emoji17]

[ninjababez]

Increase meron...hehehhe

makapag pa gas na nga

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Increase meron...hehehhe

makapag pa gas na nga