The Philippine National Oil Company (PNOC), a government-owned company that oversaw the nation’s oil industry, initially controlled Petron. Aramco Overseas Company, a division of the Saudi Arabian Oil Company (Saudi Aramco), purchased 40% of the shares in Petron that PNOC owned in that company in 1994. The next year, Saudi Aramco raised its ownership of Petron to 60%.
One of the biggest corporations in the Philippines, San Miguel Corporation (SMC), bought all of Petron’s shares from Saudi Aramco in 2008. With this action, SMC acquired the biggest oil marketing and refining enterprise in the nation.
There are a few standards that you must meet if you want to own a franchise of UNO Fuel, a brand owned by the Petron Corporation. A suitable site for the fuel station, a minimum net worth of PHP 100 million, and previous business management expertise are a few of these requirements. For additional information, you may check out the Petron website or get in touch with their franchising division.
Gas is frequently referred to as petrol in the UK. Petrol stations are what people refer to as gas stations, and franchisees or private businesses typically run them. There are numerous gas station brands available in the UK, including BP, Shell, Esso, and Texaco.
When cars started using gasoline as fuel in the early 20th century, the phrase “gas station” first appeared in the United States. Gasoline was then simply referred to as “gas” or “gasoline.” The early gas stations were referred to as “filling stations” because they were locations where people could refuel their automobiles. The phrase “gas station” has gradually taken the place of “filling station,” and it is now often used in the US.