The Market Monitor Minding the Nation's Business
Caltex’s multi-awarded Fuel Your School (FYS) program is now set to help fund projects in science, technology, engineering and mathematics (STEM) for high-need public high schools in Bicol region.
From July 1 to August 31, Caltex will donate P1 for every liter of fuel purchase in the 22 Caltex stations in Bicol. Chevron Philippines Inc. (CPI), marketer of the Caltex fuels and lubricants, aims to raise P3 million under this fuel-to-donate program.
Under a memorandum of agreement signed recently, DepED will select Bicol’s highest-need public high schools that can submit projects eligible for funding under the program, while the ACF will screen the projects and buy the equipment for the qualified entries.
SCDI, which is the pioneer branded marketer-partner of Chevron and distributes Caltex fuels in Bicol, will help fund the program, as well as promote FYS. There will be 22 Caltex stations in Bicol that will participate in this program.
This year, high schools across the country will need more equipment as the first batch of Grade 12 students enters the government’s K-to-12 educational system.