The vice president of this joint venture, Luz Estrella Rodríguez, made the announcement, adding that they are venturing into the propane gas market with a greater supply.
As part of its marketing strategy, the company initially, offered lower prices than its competitors, but has gradually aligned its prices with the market.
"When asked about the gas stations that Alba Petróleos is adding to its network, Rodriguez declined to elaborate on the amount of investment or the places where they will be located. However this newspaper has learned of at least two new stations under construction, one located on the ‘Bulevar del Ejército’ and one at the end of the street ‘El Mirador de la capital’, but the vice president of Alba Petróleos would not confirm if they are part of the eight new stations", reported Elsalvador.com.
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The company plans to open 80 new service stations in an attempt to consolidate themselves as the second largest in the Guatemalan market.
During the course of this year, share purchases will be completed with ExxonMobil in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
The investment, worth almost $2 million, will enable the fuel importer to open new stations by the end of 2010.
Puma Energy's General Manager, Juan Ángel Díaz, indicated that their expansion plan seeks to position the company as an alternative to traditional companies, particularly outside urban centers.
300 service stations will gradually phase out the acceptance of credit or debit cards as payment
The decision taken by the Employers and Distributors Association of Petroleum Adepetro, and the Salvadoran Association of Distributors of Petroleum Products is in response to reduced profit margins resulting from the application of the new formula for establishing the sales price .
The multinational Puma Energy is passing on administration of service stations operations to Nicaraguan entrepreneurs.
The Swiss company Puma Energy, which bought Exxon Mobil's operations in Central America, is applying a decentralization policy to the management of its gas stations in Nicaragua.