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 »
Puma Energy has announced that global gross profit increased 31% in the third quarter 2013 to US$402 million and EBITDA by 21% to US$167m, while it revealed plans to expand and invest further into Papua New Guinea during its official brand launch. CFO of the globally integrated midstream and downstream energy company, Denis Chazarain, said
Puma Energy posts 3Q profit, announces major PNG upgrades Read More »
Velocity Frequent Flyer and BP have announced an Australian-first partnership that will see an award-winning airline loyalty program enter into a direct partnership with one of Australia’s largest fuel retailers. With more than 1400 BP service stations around Australia, the ground-breaking multi-year deal will allow all members of Velocity Frequent Flyer to earn points on
BP partners with Velocity Frequent Flyer in Australian first Read More »
Tatts Group is holding advanced discussions with a number of major players in petrol station convenience stores to sell scratch lottery tickets and daily keno in Victoria from February 2015, after the Victorian Government approved a variation to Tatts’ public lotteries licence in October. The move follows a decision by Greek group Intralot to end
Victorias petrol stations add Tatts scratchies from 2015 Read More »
While Australia has some of the lowest petrol tax rates in the world, the federal government’s move to make twice-yearly adjustments to petrol tax will add half a cent per litre at the bowser. The Government has announced that it will increase fuel excise from November 1 and spend the next 12 months seeking parliamentary
Fuel tax rises to hit petrol stations, new businesses Read More »
The Australian Chamber of Commerce and Industry (ACCI) called on the Federal Government to exercise caution in relation to steps taken this week to impose higher fuel excise charges on road users. Increasing fuel excise charges places greater pressure on business and is anti-growth. Business understands the government’s challenge to balance the budget and supports
Fuel excise rises put pressure on business Read More »
Caltex Australia acknowledged last week the EPA proceedings regarding the 2013 incident at its Banksmeadow terminal and said that it undertook an extensive investigation following a leak from a petrol tank at its Banksmeadow (NSW) terminal in July 2013 into secondary containment. Caltex Australia said that although there was no harm to the environment, Caltex
Caltex responds to NSW EPA proceedings, faces $2 million fine Read More »
BP has today renewed its commitment to raise funds for the McGrath Foundation by going pink to launch a national social fundraising initiative, #BPPinkPledge. The dynamic move by BP sees flagship Sydney service station, BP Rozelle, transform from the signature BP green into McGrath Foundation pink – from pillars to pumps, with a bright pink
BP Goes Pink in Pledge for McGrath Foundation Read More »
As petrol fraud continues to hit petrol convenience retailers, with unattended petrol pumps favourite places for thieves to test stolen or counterfeit credit cards, global payments technology company Visa has rolled out new software to help retailers cut off thieves at the petrol pump. “While global fraud rates across the Visa payment system remain near
New Visa software combats potential petrol pump card fraud Read More »
With Costco to open its fourth petrol station and first in Canberra next to its Majura Park store, some Canberra petrol retailers may be set for a major shock, including a Woolworths-operated Caltex petrol station a few hundred metres from the Costco site. Costco, which is a major petrol retailer in the United States, now
Costco set for fourth petrol station, ACCC spotlight on petrol price rorts Read More »
Despite refinery closures such as Caltex Australia closing its Kurnell, Sydney refinery in 2014 when the site becomes a fuel import terminal, the retail petrol market is looking upbeat with new and established brands making big investments and rolling out new formats and products across the country. These include new players Puma Energy, Vitol (Viva
New brands, investment boosts retail fuel & convenience market Read More »
