CALTEX’S PROPOSED PURCHASE of 302 Mobil service stations in Australia could have a serious impact on its competition and result in higher fuel prices, according to the Australian Competition and Consumer Commission (ACCC).

Giving it a 22 percent share of Australia’s branded fuel market (up from 16 percent), the purchase would see Caltex displace Shell [...]

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Persistent whispers from the ol’ rumour mill suggest that Mobil is preparing to pull up stumps with its Australian refining operations. Mobil is part of ExxonMobil, and, really, quite a sweet caring lot: you might remember that ExxonMobil still holds the trophy for ‘best ever’ effort, and are the world record holders in oil spills [...]

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By Daniel McCoey
Fuel prices. Yes, it’s an ugly conversation that all of us seem to be having at present, and with petrol breaking the $1.60c mark—with talk of it hitting $2.00 per litre as early as next year—the stage is now being set to turn it into a scary reality.

There is light at the end [...]

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