Resources

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As of today, AIP will provide Platts data charts for the crude oil, petrol and diesel prices that are widely used as benchmarks for petrol and diesel prices in Australia. The new price information will allow the publication of benchmark fuel prices that are closely followed by oil companies in…

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Three of Australia's peak automotive industry and consumer bodies have urged the federal government to support a maximum limit of10 percent of ethanol in petrol and not to mandate its use. The landmark determination by the three bodies sets a clear agenda for government deliberations. The…

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Following the retirement of Tony Blevins, the new chairman of the Australian Institute of Petroleum (AIP) is to be Gerry Hueston of BP. The appointment is effective from today. Gerry is the Managing Director of BP Australia with additional responsibility as Chief Executive Officer, Marketing,…

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The Australian Institute of Petroleum today advised that rising demand and tight supplies in the international petroleum markets was continuing to put upward pressure on pump prices in Australia. "There are a number of coincidental international factors at work in the market that continue to put…

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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…

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The Australian Institute of Petroleum today released its annual survey of oil industry profitability that confirmed the refiner-marketer oil companies made an underlying loss making and selling petroleum products in 2000. The 2000 Ernst & Young Downstream Oil Industry Financial Survey that…

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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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Caltex Managing Director and Chief Executive Officer Tony Blevins will succeed Shell Australia Chairman Peter Duncan as Chairman of the Australian Institute of Petroleum (AIP) effective today. Mr Blevins has been Managing Director and Chief Executive Officer of Caltex since 31 March 2000 and a…

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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…