Tag: oil

Ampol releases statement on Russian products

In a statement released today (8 March), Ampol has condemned Russia’s actions in Ukraine. According to the statement, Ampol supports the steps being taken internationally against Russia in support of Ukraine and its...

ACCC authorises 6-month cooperation period

The ACCC grants authorisation to the Australian Institute of Petroleum (AIP), and major oil refiners to continue cooperating on measures to improve the security of fuel supplies. Unpredictable change can occur due to...

A message from the ACCC

Media Release 23 July, 2020 Proposal to allow continued cooperation on fuel supply security measures The Australian Institute of Petroleum (AIP) and major oil refineries will be allowed to continue to cooperate on measures to...

April petrol prices plummeted to record lows

Media Release 6 July, 2020 A global crude oil surplus and COVID-19 restrictions on travel and economic activity led to the lowest monthly average petrol prices on record during April 2020 in Australia’s...

Motorists should benefit from falling oil prices

Petrol retailers, says the ACCC, should not use the current pandemic to further increase profits. Instead, they should pass on the full benefit of falling oil prices to motorists. According to the ACCC,...
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