The Kwinana Refinery in Western Australia will be permanently closed and converted to an import terminal, as dwindling demand puts pressure on the fuel industry’s margins. “Regional oversupply and sustained low refining margins mean the Kwinana Refinery is no longer economically viable,” said bp Australia in a media statement on Friday. This closure follows the Federal […]
The second quarterly report on the Australian petroleum industry by the ACCC revealed the nation’s petrol prices hit their lowest point in real terms in over fifteen years, hitting 103 cents per litre in early February 2015.
The ACCC has chosen the first regional location to be studied as part of the petrol monitoring arrangements launched in December 2014.
The first quarterly report into the Australian petroleum industry for 2015 has been released by the ACCC, revealing a price decrease to 109.2 cents per litre in the month of January – the lowest monthly average since 2009.
A new report has revealed 80 per cent of Australia’s motorists hold fuel efficiency above high performance and safety as the most important factor when it comes to their vehicles.
The Australian Competition and Consumer Commission (ACCC) have today published their seventh annual report looking into the prices, costs and profits of unleaded petrol in Australia.
The Abbott government has bypassed upper-house approval to reintroduce the twice yearly indexation of fuel excise — a measure frozen by the Howard government — in a move that will increase input costs for many small business owners.
Supermarket giant Woolworths has been caught out engaging in anti-competitive behaviour in a new ruling that has given the green light to the bundling of fuel “shopper docket” discounts. The Federal Court today found that Woolworths had breached a court enforceable undertaking made with the competition watchdog last December to cap fuel discounts linked to […]
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