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The Fiji Fuel Retailers Association (FFRA) has welcomed the entry of the Tappoo Group of Companies into the fuel industry.

Association secretary John Philp described Tappoo Group as a worthy successor to Carpenters, which has ended its service station leasing arrangement with Mobil Oil Fiji.

Tappoo Group has taken over 16 of the Mobil stations formerly operated by Carpenters.

Mr Philp said: “Tappoo Group, a major local business and investor, will add new substance and commercial experience to FFRA.

“It is a successful Fiji conglomerate with a wide portfolio of companies and interests. “We look forward to their contribution to the FFRA as the association continues to promote the interests of our industry.”

Mr Philp said the association members represent 90 per cent of fuel retail sites in Fiji and form a vital cog in the economy.

“But they continued to struggle with low fuel retail margins. Only on-site convenience stores kept fuel sales viable,” he said.

Strategic decision Tappoo Group chief executive Madhu Tappoo said the group’s decision to take-over the 16 Mobil sites was strategic.

“It further extends the reach of our commercial activities, giving us new opportunities to serve the people of Fiji,” he said.

“It also complements the Tappoo Group’s activities as agent for Kia vehicles and associated services.”

Mr Tappoo confirmed the group intends to play an active role in the Fiji Fuel Retailers Association.

“Tappoo are already active members of Fiji Motor Traders Association,” he said.
“Fuel keeps Fiji moving. Tappoo would ensure their high standards of service and constant innovation would soon apply to all their 16 newly-acquired service stations.”

Source: Fiji Sun

By: Rachna Lal

Saturday, September 28, 2013

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