Media Releases
International Market Putting Pressure On Petrol Pump Prices
The Australian Institute of Petroleum today advised that changes in the international petroleum markets are putting upward pressure on pump prices. “Petrol prices in Australia are set on the price of available product in Singapore, which is a benchmark for prices in the Asian region. The reason pump prices follow Singapore refinery prices is that […]
Oil Industry Rejects Fuel Savings Claim
Australia’s oil industry today rejected Federal Government claims that cost reductions as a result of tax reform would see industry savings of 1.5 cpl on petrol and diesel. The Deputy Director of the Australian Institute of Petroleum, Mr Ewen Macpherson, said the Government’s claimed cost reduction of 1.5 cpl amounted to around $400 million or […]
Oil Industry Supports Phase Out Of Leaded Petrol
The oil industry today supported the announcement by the Federal Minister for the Environment Robert Hill that leaded petrol would be phased out nationally by 1 January 2002. ‘The oil companies will be introducing lead replacement petrol progressively in each State, in consultation with State authorities, to meet the target phase out date’, said Jim […]
AIP Welcomes Commonwealth Crackdown On Fuel Scam
The Australian Institute of Petroleum has welcomed the Federal Government’s decision to crack down on illicit fuel blending activities, but has urged wider reform to stop the problem re-occurring in the future. “Today’s announcement by the Assistant Treasurer, Senator Rod Kemp, that the Commonwealth will impose an excise equivalent on imported toluene and other substances, […]
AAA Called On To Support Reform To Stamp Out Petrol Racket
The Australian Institute of Petroleum today called on the Australian Automobile Association to support measures to combat the current fuel substitution racket. AIP Executive Director, Mr Jim Starkey, said the Australian Automobile Association’s opposition to excise uniformity on petroleum products would not help efforts to stop unscrupulous operators blending petrol with excise-free products. “AIP’s proposal […]
Oil Industry Urges Measures To Prevent Fuel Substitution Practices
The oil industry today urged Federal and State Governments to introduce measures to end once and for all fuel substitution practices. The call follows exposure of the latest racket, which involves unscrupulous operators blending the solvent toluene into petrol, so as to evade payment of petroleum excise. Toluene is excise free, while petrol is excised […]
Facts Demolish Oil Company Price Manipulation Claims
“Despite constant accusations of oil company price manipulation, the facts show that petrol prices fell in every town and city measured by the independent Informed Sources petrol price monitoring service,” the Executive Director of the Australian Institute of Petroleum, Mr Bryan Nye, said today. “Simplistic claims of oil company price manipulation do not stand up […]
Oil Industry Action Agenda Released
OIL INDUSTRY ACTION AGENDA RELEASED The Federal Government and the oil industry today released the Downstream Petroleum Products Action Agenda. AIP Chairman, Peter Duncan, said that the refining industry had come under severe challenge in recent years, the result of severe competition from new and expanded refineries in Asia. Despite initiatives to improve efficiencies and […]
Oil Industry Urges Completion of the Reform Package for the Petroleum Products Industry
The oil industry today urged the Opposition and the Democrats to allow the passage of the Petroleum Retail Legislation Repeal Bill, containing the Government’s reform package for the petroleum products industry. Jim Starkey, Executive Director of the Australian Institute of Petroleum said ‘AIP member companies can accept the draft Oilcode (subject to agreement on one […]
Oil Industry Responds to Senate Committee Recommendations for Reform of Industry Regulation
The oil industry today urged the Opposition and the Democrats to allow the passage of the Petroleum Retail Legislation Repeal Bill, containing the Government’s reform package for the petroleum products industry. Jim Starkey, Executive Director of the Australian Institute of Petroleum said ‘AIP member companies can accept the draft Oilcode (subject to agreement on one […]