What the press is saying about petrol, LPG, diesel, crude oil, biofuel etc.
(Click on the "News Article" link for the full story, opens in new window)
Caltex Australia agrees to purchase Mobil service stations
27-05-2009 The Age. Caltex Australia has entered into an agreement to acquire 302 Mobil service station sites.
Caltex Managing Director and CEO Des King: “Today, Caltex is primarily a wholesaler of fuel but a relatively small player in the retail fuel market when compared with Coles Express, Woolworths and BP. This acquisition will allow us to better compete in the retail fuel market with these major players.”
The Cheaper Petrol Party wants more players in the market, not less.
If Caltex took over Mobil's 302 service stations, the Caltex-Woolworths joint operation would own 44 per cent of retail outlets.
Today the average price of unleaded in Sydney is $1.136, crude oil is 48.4 AU cents/litre (taking into account the US/AU exchange rate) add 48.5 cents in tax, leaving a margin of 16.7 cents per litre, up from 10.6 cents per litre before the election and before the introduction of the Petrol Commissioner.
We urge the ACCC and the Petrol Commissioner to stand up for consumers who are being ripped off by the big oil companies. Stop the merger going ahead. News Article
Xstrata Suspends A$ 586 million of Expenditure.
Aussie Dollar Climbs From 10-Month Low Amid Intervention Talk
Fortescue Metals puts $17.5bn projects on hold to review super tax
Rio Tinto to review new Australia investment over tax
Xstrata suspends $30 million exploration in light of the Government’s super profits tax
Rates rise - Again
Backflip on "the Greatest Moral Challenge of our time"
Perth Motorists Ripped-Off
Jobs at risk after Bushmaster exclusion
Volunteer Sacked For Swearing
Gross Domestic Product shows first negative result in 8 years
Victorian Bushfires
RBA rate drop to 3.25%
Victoria: No power, No Trains, No Water
Shell profit 2009
Back to School
“Green Holden” update
$149 Million to build green Holden
Tax Cut for Small Business - Smoke and Mirrors
Surplus Virtually Gone
Government Stimulus Payments
Elective Surgery Summer Break
Fuel tax will inflate grocery bill
NSW hospitals are full, try Queensland
FuelWatch dead and buried
BP Quarterly Results - Profit up by 83%
Excrement found in Dessert
OPEC agrees to cut output by 1.5 million bpd
Crude oil below $80 per barrel
RBA cuts rates by 1% to 6.0%
Crude Oil below $100 - Petrol higher
Big Parties Big Losers this weekend.
BP profits jump thanks to oil prices
Ambulance strike with a difference
PM Rudd: G8 made progress on climate talks
G-8 endorses halving global emissions by 2050
Prof Garnaut calls for urgent climate action
Changes to NSW Road Rules
Labor's $70 million hybrid gift to Toyota
Rates blamed for house price dive