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2020 Tokyo Olympics

Phoenix releases cash incentives plus free fuel to Diaz, boxing trio


Filipino Olympic medalists Hidilyn Diaz, Carlo Paalam, Nesthy Peticio, and Eumir Marcial received their cash and fuel incentives from Phoenix Petroleum on Wednesday at the Udenna Tower in BGC, Taguig.

The four Filipino athletes received these incentives from Phoenix Petroleum Senior Vice President Raymond Zorrilla who emphasized the company’s commitment to supporting Philippines sports.

“We at Phoenix believe in the power of sports, and its ability to instill important life lessons and values while bringing honor to a country. That’s why we have always supported Filipino athletes, especially through Siklab Atleta, whose dream to obtain our country’s first-ever Olympic gold medal has finally come true,” Zorrilla said.

“By giving these four Filipino athletes their well-deserved incentives, we hope that they continue to represent the Philippines excellently in their respective sports, and inspire more Filipinos to do the same.”

Through separate announcements, Phoenix, previously stated that, through Siklab Atleta, it will give the four Filipino athletes incentives for bringing home a medal from the Tokyo 2020 Olympics.

For winning the country’s first-ever gold medal, weightlifter Diaz received a P5-million cash incentive and free Phoenix fuel for life.

Paalam and Petecio, meanwhile, received a P3-million cash incentive each. Marcial, on the other hand, was awarded a P1-million cash incentive.

In recognition of the biggest Olympic medal haul that the four athletes brought to the country, Phoenix has also added free fuel for five years on top of the cash grants given to Paalam, Petecio, and Marcial.

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