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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…

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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…

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The oil industry is extremely disappointed that the Government has found it necessary to withdraw the petroleum industry reform package. This withdrawal is the result of the failure by the Motor Trades Association of Australia (MTAA) to accept a key element of the Government’s reform package. By…

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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…

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The Australian Institute of Petroleum is disappointed that the Opposition and the Australian Democrats are not yet prepared to support much needed reform of the framework of regulation governing petroleum retail marketing. The lack of agreement in the report of the Senate Rural and Regional…