Incorporated in May 2002 in Davao City, Phoenix Petroleum Philippines, Inc. has grown from a simple family venture to one of the most successful businesses in Davao and the Southern Mindanao area.

The company, then under the name Davao Oil Terminal Services Corporation (DOTSCO), began operations in its current form in January 2004, distributing petroleum products to various commercial entities in Mindanao. In August 2006, the company was officially renamed to Phoenix Petroleum Philippines, Inc.

Today, Phoenix Petroleum is engaged in the business of trading refined petroleum products, lubricants and other chemical products, operation of oil depots and storage facilities, and allied services, mainly in Southern Philippines. Its products and services are distributed and marketed under the Phoenix Fuels Life" trademark.