Looking to serve demand by vehicles and fleets making the conversion from gasoline or diesel to propane gas, Puma Energy will launch a pilot program later this month to begin offering propane gas at two of its service stations, company CEO Víctor Domínguez said.
The pilot plan will begin at the service stations in Caguas, near the Botanical Garden, in Guaynabo, and in Rexco Park near Fort Buchanan in Guaynabo.
By 2016, it will be extended to 10 additional service stations at strategic points throughout Puerto Rico with the objective of supplying the conversion market.
“Once again, Puma Energy is at the forefront to deliver products that our market requires, always under our policy of competitive prices and the highest quality standards,” Domínguez said.
In November 2014, Puma Energy made its entry into the propane gas market, which caused a positive impact on the price of the product commercially and resulted in a decrease of more than half of average market price prior to its arrival.
“We had anticipated that our entry into this market would benefit businesses, industries and, ultimately, consumers. This is happening because we are a new alternative at competitive prices,” Domínguez said.
“Prior to this, the consumer was required to pay a very high price for the product for the lack of competition. With our entry into distributing propane gas vehicles at Puma service stations, consumers will have the best choice at the best price,” said Domínguez.
The executive said the next step will to the install cages to distribute propane gas in 20-pound cylinders, once the Public Service Commission grants the required permits. The company expects to be distributing cylinders under the PumaGas brand at 200 service stations by October.
Puma Energy has invested approximately $50 million in LPG facilities at its terminal in Bayamon to ensure local supply through a storage capacity of 4.2 million gallons of liquefied petroleum gas.
The initiative is part of the construction and reconstruction of the Bayamón facility, the most important infrastructure in Puerto Rico for distribution, storage and supply of petroleum products.
“It is estimated that the conversion of gasoline or diesel vehicles to propane gas represent significant savings for Puerto Rican consumers and for businesses that do the same in their fleets,” said Domínguez.