S-Oil to Supply Fuel Products Worth 680 Billion KRW to Public Institutions Nationwide Over 3 Years

Selected New Contractor for Public Procurement Service Fuel Joint Purchase

The exterior view of S-Oil's 'Jeondang Front Gas Station' (Photo by S-Oil)

[Asia Economy Reporter Moon Chaeseok] S-OIL announced on the 24th that it has been selected as a new business operator in the 5th bidding for the Public Procurement Service's joint fuel purchase.

S-OIL plans to supply petroleum products to public institution vehicles and small storage facilities nationwide through its affiliated gas stations for three years starting from the 1st of next month. Approximately 48 million liters will be supplied over three years to public institutions such as provincial and city halls, fire stations, police stations, town and township offices, and schools. The total amount is about 680 billion KRW. This supply will be made through 1,560 affiliated gas stations (about 73% of all affiliated gas stations) that wish to supply fuel to public institutions, with plans to increase the number of contracted gas stations in the future.

To encourage consumers to purchase products at reasonable prices, S-OIL plans to offer an immediate 2.88% discount on the purchase amount when paying with the 'Public Procurement Fuel Purchase Card' (Shinhan·NH Nonghyup) at affiliated gas stations nationwide. Additionally, a cashback service of up to 1.1% will be implemented. On-site tests at gas stations have already been completed to ensure there are no issues with providing fuel discounts and cashback benefits when using the fuel purchase card.

Furthermore, in partnership with Naver, starting from the 1st of next month, an integrated function will be provided that connects searches for the location, discount price, and convenience facilities of contracted gas stations to automatic navigation guidance. This aims to reduce customer confusion caused by changes in fuel supply operators and designated gas stations. To enhance user convenience, this will be implemented three months earlier than the bidding requirement in July.

The locations of public institution fuel supply contracted gas stations can also be checked on the 'Nara Market Public Procurement' website as well as on the S-OIL website and mobile app. To make identification easier on-site, 'Public Institution Fuel Supply Designated Gas Station' signboards and banners will be installed. An S-OIL official stated, "Being selected as a fuel supplier for public institutions is expected to promote stable sales at our gas stations," and added, "We will do our best to ensure there are no disruptions in service provision."

This content was produced with the assistance of AI translation services.