Public Procurement Service Selects 'S-OIL' as Fuel Joint Purchase Operator
[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service has selected S-OIL Co., Ltd. as the fuel joint purchasing operator for the public sector. According to the selection results, S-OIL will supply fuel to public institutions for three years starting from the 1st of next month.
The Public Procurement Service announced on the 24th that it finalized S-OIL as the operator through bidding and evaluation for the fuel joint purchasing project.
S-OIL offered the highest discount rate (2.88%) among the bidding participants. The volume of fuel to be supplied by S-OIL through the joint purchase is 480 million liters.
Public institutions can receive fuel through “contract gas stations” that have supply agreements with S-OIL.
Currently, there are 1,560 S-OIL contract gas stations nationwide, and S-OIL plans to expand the number of supplyable gas stations through additional agreements.
Public institutions can search for the locations of S-OIL contract gas stations via a mobile app to compare prices, and by using a fuel purchase card, they can buy fuel at a 2.88% discount from the same-day selling price.
Based on the average fuel supply price at gas stations in the third week of this month, regular gasoline will be discounted by 57 KRW, and diesel by 55 KRW.
Additionally, part of the amount spent using the fuel purchase card will be refunded as cashback, and the Public Procurement Service expects the total budget savings over three years to reach 34.2 billion KRW.
Kim Eung-geol, Director of the Purchasing Business Bureau at the Public Procurement Service, said, “We will do our utmost to ensure that about 10,000 public institutions using the fuel joint purchasing service can receive fuel easily and conveniently.”
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Meanwhile, the Public Procurement Service has been promoting the “Fuel Joint Purchasing Project” by integrating fuel volumes in the public sector since October 2012.
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