As the year draws to a close C&I take a look back on the stories that got you clicking in 2019. And reflecting Australia’s insatiable appetite for sweet treats, two of the biggest stories of the year were chocolate related. Taking out the top spot was Arnott’s release in April of chocolate blocks featuring its […]
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BP have furthered their commitment to exploring low carbon energy options, expanding their Lightsource BP shares to an equal 50:50 balance. The deal will see new shares issued, allowing the UK headquartered solar development and management company Lightsource BP instant access to funds from the sale. It follows the fuel company’s acquisition of 43% of
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A new app developed by former Caltex executives is promising to deliver bowser relief to motorists. The EzySt app, described as a ‘digital marketplace for the petrol-convenience industry’, collates cheaper than advertised petrol prices and retailer specials into the free app, which its creators claim could save users up to 30c per litre. Developed by
New app EzySt a win for consumers Read More »
Property investment and funds management company Charter Hall have announced plans to acquire a 49% stake in BP Australia retail sites. The $840 million deal will see the company take a managed partnership in the $1.7 billion portfolio of 225 long weighted average lease expiry (WALE) convenience retail properties currently leased to BP Australia. The
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It’s official, Viva Energy Australia are now the complete owners of Liberty Oil’s wholesale business. The acquisition of the remaining 50% was approved by the Australian Competition and Consumer Commission in October. Viva have said the sale will allow them to extend further support to regional communities and see the company, an an entity
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Caltex will offload a half stake in 250 service stations around Australia into a listed property trust. Caltex told the stock market this week it was planning an initial public offering (IPO) in the first half of 2020 for the 49 per cent stake in the fuel and convenience stations after a wide-ranging review of
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7-Eleven Australia’s fuel app has hit two million downloads and Australian drivers have collectively saved more than $16.8 million dollars on their fuel since January 2017, according to the company. 7-Eleven Australia CEO, Angus McKay, said the company’s customers have benefited from locking in when prices are lower and redeeming over the following 7 days
7-Eleven fuel app saving Australia drivers $16.8 million Read More »
A new report by the Australian Competition and Consumer Commission (ACCC) has released a report that encourages consumers to fill up at low-priced petrol retailers. The ACCC report analyses average retail petrol prices throughout 2018, and compares the prices between high- and low-priced major petrol retailers in the eight Australian capital cities. “The data reveals that
Independent petrol retailers cheaper: ACCC Read More »
Energy company Z announced the launching of its first in-store Habitual Fix to make finding fresh food easier for those on the go. The Kiwi energy company’s first Habitual Fix opened at Z Royal Oak service station on Mt Albert Road and is offering a full menu of healthy, fresh food made in front of
NZ servo teams up with fresh ‘on the go’ company Read More »
Petrol prices across the country have started to fall following 11-year highs in Melbourne and Adelaide last week, and record highs in Brisbane. Both Melbourne and Adelaide petrol prices reached 166 cents per litre last week and NRMA spokesman, Peter Khoury, had warned customers that they were expecting Sydney petrol prices to also reach 11-year
Petrol prices starting to fall following 11-year highs Read More »
PetrolWorld has announced its fuel retail and distribution summit, PW Summit Singapore 2020, will take place in Singapore on 16 and 17 June 2020. Day 1 will see the 4th PW Fuel Retail Conference being held with a special focus on ‘Technology’. Day 2 will see the introduction of the 1-to-1 Business Meeting schedule. The
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New research into the global ‘fuel retailing’ market has revealed a number of ‘disruptions’ unlocking financial opportunities for petrol retailers. The detailed international study by Advance Market Analytics (AMA) said these opportunities included electric vehicles (EVs) and changing consumer demands for seamless experiences. It also stated a growing demand for technology such as the ‘internet
‘Disruptions’ unlocking financial rewards Read More »
Puma Energy’s owner, commodities trader Trafigura, is looking to offload assets which may include its petrol station network in Australia. The company has hired consulting firm McKinsey and plans to restructure and sell assets to cut its debt and improve profits, according to news agency Reuters. As one of Australia’s largest independent fuel retail chains,
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