Petrol

No fuel cartel conduct in Armidale says ACCC, Launceston study announced

298 Comments / Business matters, Petrol /

The Australian Competition and Consumer Commission (ACCC) has concluded an investigation into alleged anti-competitive conduct by fuel retailers in the NSW Northern Tablelands city of Armidale and not found evidence of cartel conduct during the course of the investigation. This followed concerns raised late last year regarding high petrol prices. The regulator said that fuel prices […]

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ACCC releases March quarter 2015 petrol report

924 Comments / Petrol /

The Australian Competition and Consumer Commission has released the second quarterly report on the Australian petroleum industry, which examines prices to March 2015. Following large falls in international crude oil and refined petrol prices, retail petrol prices in the five largest cities (Sydney, Melbourne, Brisbane, Adelaide and Perth) fell to their lowest price in real

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Caltex completes restructure, reports solid c store, fuel sales

Leave a Comment / Business matters, Petrol /

Caltex Australia welcomed new shareholders to its AGM last week, following the successful sell down by Chevron of its 50% shareholding in the company in March, while reporting solid sales in convenience stores and across Vortex fuels. Caltex recorded an after tax profit for the 2014 full year of $493 million on a replacement cost

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Victorian government to take action on petrol theft

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The Australasian Association of Convenience Stores (AACS) has commended the Victorian Government for taking the national lead by launching an inquiry to crack down on the serious crime of petrol theft. ?e commend the Victorian Government for taking the lead on this critical small business issue and we encourage everyone affected by this crime to

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NSW expansion for Puma Energy as new travel centre opens

1,172 Comments / News, Petrol /

In a move that signals the start of an expansion into New South Wales, Puma Energy, Australia’s largest independent fuel operator, opened its first newly-built Australian service centre in Kempsey on 4 May. The South Kempsey Travel Centre will create 185 jobs in the region and service the 13,000 vehicles that pass through on the

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United Petroleum rethinks potential float, petrol site interest hots up

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United Petroleum’s rumoured plans for an up to $1.5 billion float or partial sale may be on hold due to the proposed IPO of Shell distributor and retailer Viva Energy, according to industry reports this week. Korea’s S-Oil Corp, which looked over the business some time ago, is believed to have recently cast another eye

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BP to close Bulwer Refinery as Asian competition bites

578 Comments / Non-food Products, Petrol /

BP Australia will cease production at its Bulwer Island Refinery in May, according to a BP Australia spokesperson, who confirmed that an agreement was signed with Caltex for the supply of petrol and diesel from Caltex’s Lytton, Brisbane refinery. The 102,000 barrels a day, Brisbane, Queensland refinery will become a jet fuel import terminal. “Alternate

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Shell expansion tipped as Viva aims for $1 billion float

1 Comment / Petrol /

Acquisition and expansion activity by major fuel groups is accelerating following reports that Bank of America Merrill Lynch and Deutsche Bank have been appointed as joint lead managers on a $1 billion-plus float of Viva Energy – the exclusive distributor of Shell branded fuels and lubricants in Australia. Viva Energy this week flagged a major

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Caltex welcomes new investors as Chevron sell $4.73 billion stake

15 Comments / Petrol /

The sudden $4.73 billion exit from Caltex Australia’s share registry by 50% shareholder Chevron is seen as an opportunity for Caltex to pursue acquisitions, which were pointed to by Caltex Australia chief executive Julian Segal at February’s FY results presentation. Mr Segal welcomed new investors to its share register following the successful sell down by

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Gallagher Fuel Systems’ new multimedia solution

Leave a Comment / Petrol, Supplier news /

Gallagher Fuel Systems and Adverto Outdoor Media have teamed up to create Australia and New Zealand’s most powerful integrated focus pump and multimedia solution. According to Adverto Outdoor Media managing director Teyghan Stadelbauer, “This exciting innovation enables petrol retailers to stay ahead of the curve. Digital has become a ‘need to have’, not just a

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