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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…Date
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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…Date
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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…Date
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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…Date
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AIP produces an industry report – 'Downstream Petroleum' – which provides a concise overview of downstream petroleum refining and marketing in Australia. The report, compiled every two years, covers the financial performance of the industry and the future challenges it faces.Date
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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…Date
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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…Date
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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…Date
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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…Date
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AIP member companies, individually, and collectively through the Institute, share the general community concern for conservation of the environment and actively seek to protect air, water and soil from contamination through their operations and through communication with Governments and local…