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TIME TO PUT REALITY BACK INTO PETROL PRICES DEBATE The Australian Institute of Petroleum has today exposed a number of myths about petrol pricing which have taken hold in recent months. "Petrol prices are set by the normal pressures of supply and demand, with Australians enjoying amongst the…

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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…

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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…

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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…

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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…

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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…

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"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…

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The oil industry has welcomed the ACCC’s report of its investigation of petrol price movements from January to August 1999. The ACCC’s investigation has confirmed that increases in petrol prices have been lower than would be justified by increases in world oil prices. The key findings of the…