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The Australian Institute of Petroleum today suggested a touch of reality was required in the current debate on petrol prices. "The attached table published by the International Energy Agency (IEA) clearly shows that the Australian petroleum industry is intensely competitive and is recognised as…

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The petroleum industry today welcomed new legislation providing for the safety needs of large-scale hazardous facilities such as refineries, factories and storage places in Queensland. "The Dangerous Goods Safety Management Act 2001 passed by Parliament today is progressive legislation…

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Australian motorists benefited from falling petrol prices across the country during March, according to the latest independent Informed Sources petrol price report. The Executive Director of the Australian Institute of Petroleum, Mr Bryan Nye, said the Informed Sources report for March showed…

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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…