21/10/2025
NOTICE TO MEMBERS
Subject : Closure of BOPE Gas Station
Dear members/shareholders;
This notice confirms the shutdown of BOPE Caltex Station scheduled on August 30, 2025,
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What This Means:
• The fore court team headed by the station supervisor, cashiers, and CSR’s employment status/services will cease on August 30, 2025.
• Employees will be compensated according to services rendered before closure in accordance with DOLE regulations.
• There will be no longer any transactions on the purchase of fuel supply and fuel dispensing to the public.
Why We're Doing This:
1. Low profit margins and high operating cost: fuel margins which averages to 2.5 to 3 pesos per liter cannot coup with the unpredictable price movement.
2. Competition: The fuel retail business in Tagbilaran City is being dominated by Chevron, Petron and Shell. In addition, individual key players in the fuel retail businesses competitions are increasing, thus disparity in fuel margins, pricing and volume create price war with our competitors
3. Operational strength: Shutting down the Cooperative’s gas station will diminish the operational cost of running the retail business and increase revenue generated from the lease agreement .
4. Cooperative Stability: to sustain cooperative financial strength, members trust and patronage for long-term success. Our goal is not rapid expansion, but long-term cooperative stability that benefits all members
5. Regulatory Sanctions: Commission on Audit (COA) Audit Observation Memorandum
What’s Next:
• BOPE-MPC Gasoline station situated in San Isidro will be leased by Bohol JLDS-exclusive distributor of chevron fuel to interested fuel companies/retailers/players
• The remaining lot area will be opened for lease or may be converted to commercial building offering spaces/units for lease
A Word from Leadership:
The management extends its sincere assurance that the strategic decisions and actions undertaken are firmly guided by the principles of prudence, and long term value creation. We remain resolute in safeguarding and enhancing shareholder interests through vigilant governance and sound risk management frameworks.
In our unwavering commitment to maintain open, timely, and meaningful communication, we have strengthened our investor relations practices, ensuring that all updates whether on performance, governance, or strategic shifts are delivered clearly, empowering you, our member to make informed decisions.
Finally, rooted in solidarity, we believe that our shared success is achieved only through unity. Together, with mutual trust, shared purpose, and collective resolve, we will navigate these challenges, seize opportunities, and build sustainable value for all.
Thank you. Long live our Cooperative. Long live BOPE-MPC…
