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Topline plans to buy Phoenix Petroleum's gas station in Cebu
Business World Philippines
|July 18, 2025
CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) plans to acquire a gasoline station in Cebu owned by Phoenix Petroleum, Inc. as part of its expansion plans.
In a regulatory filing on Thursday, Topline said its board of directors approved the acquisition by its subsidiary, Light Fuels Corp., of Phoenix Petroleum’s gasoline station in Cebu.
The acquisition includes the station’s fixtures, machinery and equipment, and leasehold rights.
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