Petron Corporation marks another milestone in its fuel supply portfolio after bagging 100% of the diesel supply requirements of the Yanson Group of Bus Companies (YGBC) for the second half of 2024. In a MOA signing held last July 11 at YGBC’s main office in Mansilingan, Bacolod City, the agreement was formalized between YGBC and Petron for the latter to supply diesel to YGBC’s 3,600 bus units currently in operation nationwide.
The signing was led by Petron Vice President for Industrial Sales, Mr. Virgilio V. Centeno and YGBC Vice President for Treasury & Supply Chain, Mr. Ronald Ian T. Galimba, CPA. The event was also witnessed by top executives from both parties. This new development came after Petron was awarded an exclusive supply contract for YGBC’s lube oil requirements for a period of 3 years starting last year. Petron’s partnership with YGBC is another testament to the top-notch quality of our products and services, making us the preferred supplier across different sectors. Petron Corporation (PCOR) is the largest oil refining and marketing company in the Philippines and is a leading player in the Malaysian market. As of December 31, 2023, PCOR had more than 1,900 retail service stations and various LPG dealerships, stores and franchises, and lube outlets nationwide. Yanson Group of Bus Companies is founded by Ricardo B. Yanson Sr. and his wife, Olivia Villaflores Yanson in 1968. The company started with a lone 14-seater jeepney plying a single route. After several years of service and under the stewardship of its founders continued under the leadership of Leo Rey Yanson (LRY), the bus conglomerate is now home to more than 4,800 buses plying 2,000+ public routes, manned by 18,000+ employees, serving 700,000+ passengers daily.
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