Resources
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The Australian Institute of Petroleum (AIP) was formed in 1976 to promote industry self-regulation and an effective dialogue between the oil industry, government and the community. It replaced a number of other organisations including the Petroleum Information Bureau that had been operating in…
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The price of petrol in Australia is dependent on world market prices Crude oil, petrol and diesel are bought and sold in their own markets. Each market is regionally based and there are linkages and transactions between regional markets. Prices in regional markets reflect the supply and…
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AIP has produced a new publication – Maintaining Supply Security and Reliability for Liquid Fuels in Australia – which provides a factual overview of the liquid fuels market and supply chain in Australia. It also details the key factors influencing the secure and reliable supply of liquid fuels to…Date
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There is an extensive range of Federal, State/Territory and Local government regulations and legislation applying to refineries and businesses operating in the downstream petroleum industry. Some of the key regulations are outlined below. Formal Price Monitoring On 17 December 2007, under…Date
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The NOSEC is a committee of the Ministerial Council on Energy (MCE) and provides the main executive channel through which Commonwealth and State Governments formulate their overall management response to a national liquid fuel emergency. The task of the NOSEC is to ensure that the Federal…
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The International Energy Agency (IEA) is the energy forum for 28 industrialised countries, founded in 1974 (see www.aip.com.au/pricing/iea.htm). IEA member country governments are committed to taking joint measures to meet oil supply emergencies. They also have agreed to share energy information,…
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On 5 February 2013 the House of Representatives Standing Committee on Economics tabled its Report on 'Australia's Oil Refinery Industry', following the Committee's inquiry in 2012. The Inquiry was conducted in relation to claims and concerns being raised about the viability of Australia's oil…
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In 2008, the Department of Resources, Energy and Tourism (DRET), on behalf of NOSEC, undertook a Liquid Fuel Emergency Simulation Exercise – 'Catalyst 2008'. The aim of 'Catalyst 2008' was to test the emergency preparedness of the Commonwealth State and Territory Governments and industry to manage…Date
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AIP member companies provide very reliable supplies of fuel to the Australian market and: represent around 90% of primary fuel supply to the Australian market, have decades of operational experience in Australia and Asia delivering high quality fuel to customers, have major…Date
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Australia’s import, terminal and storage capacity for transport fuel has increased over time to meet growth in fuel demand There has been significant investment in new and expanded storage and terminal facilities over recent years to meet demand growth in key regional centres, as evidenced in…