EastWest Bank extends partnership with Unioil

MANILA, Philippines —  Gotianun-led East West Banking Corp. has renewed its exclusive partnership with Unioil Petroleum Philippines Inc. to help its credit cardholders save on fuel costs.

Now in its fifth year, the collaboration allows EastWest credit cardholders to enjoy a discount of up to P4 per liter at participating Unioil stations nationwide until Dec. 31 this year.

The bank said customers can benefit from this discount for up to three transactions or 80 liters per day, translating to savings of up to P320 on fuel purchases.

“Our partnership with Unioil reflects our goal of providing meaningful and relevant benefits to our cardholders,” EastWest SVP and head of credit cards business Aylwin Tamayo said.

“By offering generous fuel discounts, we empower our customers to stretch their budget further while fueling their journeys with confidence and ease.”

Last year, gasoline and diesel prices increased by P12.75 and P11 per liter, respectively.

As Unioil’s sole banking partner, EastWest aims to help its customers save more and contribute to cleaner and more sustainable fuel consumption.

Unioil strives to lead in environmental stewardship in the country by offering Euro 5-compliant fuels, which are five times cleaner than other conventional fuels.

“Over the years, our collaboration (with EastWest) has proven to be strong and mutually beneficial, enabling us to expand our reach and enhance the customer experience,” Unioil VP for retail Raymond See said.

“As we continue to grow and innovate, this renewed partnership will offer an improved fueling and driving experience to our valued customers. We look forward to many more years of success and shared achievements with EastWest,” he added.

Since 1966, Unioil has expanded its operations from retail service stations and wholesale fuel trading to lubricant blending and distribution, specialty oil marketing and bitumen distribution.

To date, it operates over 160 retail stations nationwide and provides a complete line of Euro 5-compliant fuels in the Philippines.

EastWest, on the other hand, is a subsidiary of diversified conglomerate Filinvest Development Corp., which also holds investments in real estate, hospitality and tourism, power generation and sugar.

As of end-September last year, the bank has 390 branches and 575 automated teller machines across the country.