Fuel News

Weekly petrol prices

The average price of unleaded petrol in Australia remained at 130.5¢ a litre nationally in the week ending October 8, according to the Australian Institute of Petroleum’s Weekly Petrol Prices report. The average national weekly metropolitan retail price decreased 0.1¢ to 131.7¢ a litre, with the regional price remaining 127.9¢ a …

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Lack of competition driving high Brisbane petrol prices

The ACCC has released the findings of its study into the Brisbane petrol market, which shows a lack of competition is causing Brisbane motorists to pay more for petrol than those in Sydney, Melbourne, Adelaide and Perth. Between 2009-10 and 2016-17, Brisbane motorists paid 3.3¢ per litre more for petrol …

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Weekly petrol prices

The average price of unleaded petrol in Australia fell by 3.1¢ to 123.7¢ a litre nationally in the week ending September 17, according to the Australian Institute of Petroleum’s Weekly Petrol Prices report. The average national weekly metropolitan retail price fell 4.4¢ to 122.1¢ a litre, with the regional price falling 0.6¢ …

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Fuel price data can benefit motorists and retailers

Fuel price data from websites and apps empowers price-sensitive consumers, said ACCC Chairman Rod Sims speaking at the Asia Pacific Fuel Industry Forum this week. The industry can then attract these consumers through discounts to increase their sales. Since 2016 fuel price data is available to motorists from an increasing …

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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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