United Petroleum is marketing a public float or 50% sale of the company and may forge ahead with a public listing on the Australian Stock Exchange later in 2015, according to media reports, while higher valuations are being seen in the petrol retail market. According to Fairfax’s Business Spectator online, the move by the leading […]
Is United Petroleum set for a $1bn float or partial sale? Read More »
The Australian Competition and Consumer Commission has announced Darwin as the first regional location being studied under the new petrol monitoring arrangements launched by the Minister for Small Business, the Hon Bruce Billson MP, in December 2014. The aims of the regional market studies are to get to the bottom of why prices are higher
ACCC announces first regional petrol market study in Darwin Read More »
After a two year hiatus the key founder of PumpTV in Australia, Teyghan Stadelbauer, is re-entering the Australian market with pumpMedia solutions from Adverto Outdoor Media. Ms Stadelbauer says the Australian launch of pumpMedia will – for the first time – give Australian petrol retailers the ability to create their own channels and communicate directly
PumpTV creators re-enter P&C market Read More »
Continued growth in its Marketing division – with a core strategy of driving sales of premium fuels – together with external market conditions that were favourable to its Supply Chain division, contributed to Caltex Australia’s 2014 full year net profit after tax of $493 million. The result is calculated using the company’s preferred replacement cost
Premium fuel sales continue to drive Caltex profit Read More »
Coles’ half-year 2014 sales were driven by good result from its supermarket stores, while in the convenience sector, Coles Express saw higher merchandise sales offset by lower fuel volumes and prices. In convenience, store sales increased 8.1% per cent, while fuel volume growth fell by 6.9% for the half year. “Lower fuel volumes were due
Coles Express sees store sales grow, petrol down Read More »
The first quarterly report into the Australian petroleum industry released by the Australian Competition and Consumer Commission (ACCC) today shows that after reaching a low in January 2015, petrol prices have begun to rise, reflecting international trends. While falls in capital city prices correlate with international trends, the is not always the case in regional
ACCC releases first quarterly petrol report Read More »
Caltex Australia have announced the appointment of Adam Ritchie to the newly created position of General Manager – Supply. In the new position Mr Ritchie will be responsible for ensuring competitive and reliable product supply for Caltex, a function of particular importance as Caltex continues to transform their supply chain. Mr Ritchie will commence as
Caltex appoint Shell executive to new position Read More »
A new offering from Australian firm JEA Technologies – the Smart Antenna by iSIGN Media – gives convenience stores, fuel outlets and retailers of all kinds the ability to reach out to new and existing customers, while also collecting data and measuring the effectiveness of promotions. Technology such as the Smart Antenna provides location based
P&C retailers use technology to attract new business Read More »
Gull New Zealand – an independent, family owned oil company with a 60 retail outlets including Night ‘n Day Foodstores – is raising the bar for service station toilets. Gull has refurbished 14 of its service station customer rest rooms, with unique designs inspired by the community, environment or location surrounding each site. The renovations
Gull delivers new loos with views Read More »
Viva Energy Australia, the exclusive distributor of Shell branded fuels and lubricants in Australia, has completed its acquisition of a non-controlling stake in Liberty Oil, one of its largest retail customers. Viva Energy businesses include the Shell Geelong refinery, supported by more than 20 terminals across the country supplying around 870 petrol convenience sites. Scott
Viva Energy completes Liberty deal, flags $1billion investment Read More »
Fuel prices are falling rapidly so that motorists should expect petrol price relief before Christmas, with average national petrol price falling about 10 cents to around $1.40 a litre in November, thanks to a global oil glut and a price battle between USA shale oil producers and the Saudi-Arabia-led OPEC countries. According to the NRMA,
Pre-Christmas petrol price falls good news for retailers Read More »
A Victorian petrol station operator has shown no contrition for underpaying two console operators as little as $10 an hour, resulting in them needing to seek additional income to meet living expenses. The operator, Wedderburn Petroleum Pty Ltd, has been fined $123,915 in the Federal Circuit Court for the underpayments. The company formerly operated a
Vic petrol station fined $123,000 after showing ‘no contrition’ for underpayments Read More »
In a simplification of some elements of the retail alliance between Caltex Australia and Woolworths Petrol, 92 Caltex-operated sites will be rebranded as ‘Star Mart’ or ‘Star Shop’ convenience stores while continuing to offer the Woolworths fuel discount redemption. Thirty nine sites – located in close proximity to existing Woolworths Petrol sites – will exit
Changes to Caltex Woolworths alliance Read More »
