Phoenix petroleum increases market share

PHOENIX Petroleum Philippines Inc. increased its market share to 6.2 percent in 2017 from 5.7 percent the previous year.

The Department of Energy, in its Oil Supply/Demand Report for 2017, also shows Phoenix improving the most in market share among the top four players, reinforcing its reputation as the fastest-growing oil company in the country.

Phoenix Petroleum led other independents as it posted record volume sales in 2017.

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