Profile:
By virtue of the original Oil Deregulation Law or Republic Act No. 8180, the new oil players have entered the realm of the Philippine oil industry used to be monopolized largely by the three major oil companies. As of 1997, there were only 22 new oil players which ballooned to thrice that number in 2000. Members of the Independent Philippine Petroleum Companies Association (IPPCA) are enjoying a good 40% market share for LPG and 15% market share for fuels.
Update Time:
2020-09-18