Fuel & Forecourt News

Petrol prices low, but margins high

The Australian Competition and Consumer Commission’s (ACCC) June quarter 2017 report on the Australian petroleum industry shows low petrol prices, but high retail margins. According to the ACCC, petrol prices were at the lowest level since 2001-2002. But despite the low prices, retail margins are at their highest since 2002. …

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Viva Energy to pay full super benefit to part-time parents

Viva Energy Australia, the exclusive licensee to the Shell brand in Australia, has become the first company in Australia to offer employees a full-time superannuation payment of 12 per cent of base salary for up to five years during unpaid parental leave and part-time-work periods. Viva Energy CEO Scott Wyatt …

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New fuel reporting laws

The Australian parliament formally passed the Petroleum and Other Fuels Reporting Bill (2017) last week, writes ACAPMA. This bill was developed following extensive consultation with industry and other stakeholders over the past 12 months and establishes a new regime for the mandatory reporting of fuel information by industry. The federal …

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Queensland to roll out ‘electric-vehicle super highway’

Queensland Environment Minister and Acting Main Roads Minister Steven Miles has announced the launch of what is claimed will be the world’s longest ‘electric super highway’ in one state. He says the series of fast-charging electric-vehicle (EV) stations will be rolled out at locations along the coast from the Gold …

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Liberal Victoria calls for zero tolerance on fuel theft

Liberal Victoria has put forward a “zero-tolerance” policy to address fuel drive-offs in the state, which have escalated in recent years. According to the party’s Victorian Opposition Leader Matthew Guy, the fuel-retail industry’s investment in better surveillance, security and crime prevention needs to be backed by the police and justice …

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Return of the corner store – a quiet revolution?

Corner stores once proliferated across the residential landscape of Australia’s towns and cities: places where kids congregated in front of gumball machines, keenly returning empty glass drink bottles to fund their weekly purchase of mixed lollies, and where households could conveniently buy small grocery items, cakes, smokes and an eclectic …

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Fuel-price-reporting laws don’t work says OECD

Perhaps one of the biggest frustrations for fuel retailers is the never-ending and circular debate that surrounds average petrol prices, writes ACAPMA. The debate has been raging for so long, with so little fact, that you really must ask whether consumers are even listening anymore – particularly as they move …

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ACCC: petrol prices up in March quarter

The quarterly average price for petrol in the March quarter of 2017 was 129.1 cents per litre (cpl), which is the highest since the September quarter of 2015 (133.2cpl), according to the Australian Competition and Consumer Commission’s 10th quarterly report on the Australian petroleum industry. Prices in Sydney, Melbourne, Brisbane, …

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Workshop on privacy and cyber security in fuel retail

ACAPMA has teamed up with partners Arthur J Gallagher Insurance Brokers and HWL Ebsworth Lawyers to launch breakfast meetings to be held this month in three states, addressing issues that affect fuel retailers across the country. The meetings, in the CBDs of Melbourne, Sydney and Brisbane, will focus on keeping …

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