Top Line Business Development Corp. (Topline) invested around P210 million to finance the construction of seven new Light Fuels service stations and two Light Fuels Express service stations in Metro Cebu and Cebu province.
“We have only inaugurated last year our first service station under the Light Fuels brand, but we are continuing to expand our footprint in the retail fuel market as we chart our company’s growth to meet the growing demand in Central Visayas,” Topline chairman, president and chief executive Erik Lim said.
Topline aims to seize the growing demand in the retail fuel market with its state-of-the-art fuel stations as data from the Land and Transportation Office showed an 8.94 percent year-on-year increase in the number of registered new and renewed vehicles in Central Visayas.
“The retail fuel’s total projected annual volume for the 9 service stations is approximately 12 million to 12.5 million liters. With more liquid fuel supply in the market, we aim to contribute to the region’s fuel security especially amid supply risks,” Lim said.