SEAOIL Prepaid Gas Card and Consumer Welfare

Department of Academics, Research and Development of the Ateneo Economics Association

A recent news article from the Inquirer dated June 3, 2008, predicted that the price of gasoline might reach Php 65 per liter. To protect the consumers from uncertain and abrupt price increases, SEAOIL Philippines, one of the growing Oil Companies in the Philippines, introduced the SEAOIL Price Lock Prepaid Gasoline Card which can be bought at Php 1,070 for 20 liters.

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