Servo chain Ampol slashes dividend, fuel volumes fall
Energy company Ampol has slashed its interim dividend on lower fuel volumes, tanking its share price, but signalled a return to normal at its refinery.
Energy company Ampol has slashed its interim dividend on lower fuel volumes, tanking its share price, but signalled a return to normal at its refinery.
Transport is becoming an even bigger household expense, with research showing costs grew by more than 10 per cent over the past year.
Rising wholesale costs, high oil prices and a weak Australian dollar have pushed fuel prices to new highs in Australia's capital cities.
Giving motorists more options for cheaper cars is at the heart of proposed fuel efficiency standards, the federal government says.
Australians will be able to breathe easier, spend less on fuel and have more choice at the car yard under proposed new efficiency standards for cars and utes.
Perth retains its title as Australia's cheapest petrol capital with regular unleaded costing an average of 183.9 cents per litre for 2023.
Higher international fuel prices driven by oil production cuts and strong demand, combined with a lower US dollar exchange rate, are pushing up petrol prices.
An analysis of net-zero plans released by petrol companies have questioned their green claims, including their reliance on 'dirty' hydrogen and carbon offsets.
Major car brands and energy companies have partnered to develop hydrogen refuelling stations for the nation's capital in a bid to boost next-gen vehicles.
Supermarket giant Coles has announced the arrival of its first electric delivery truck but stopped short of meeting a pledge by rival Woolworths.
Treasurer Jim Chalmers has announced changes to the petroleum resource rent tax which he says will mean the offshore LNG industry pays more tax, sooner.
Motorists have been warned to shop around early to avoid paying above $2 a litre at the pump in the lead up to Easter long weekend.
The consumer watchdog has blamed the cost of diesel remaining significantly higher than the cost of regular petrol partly on Russia's invasion of Ukraine.
Petrol stations will undergo a major change over the coming years, becoming places to hang out and recharge rather than simply fill up and go.
Petrol prices are expected to jump about 25 cents a litre during the next few weeks after the fuel excise tax is reinstated in full.
Queensland is being ambiguous about phasing out fossil fuel energy generation, after revealing that batteries and hydrogen will be installed at coal plants.
Car sharing and hiring from a provider who offers a flat rate on fuel has become a real option for suburban families struggling with petrol prices.
Capital city household transport costs are more than $400 a week, with higher fuel costs taking up a greater proportion of the overall spend, a report says.
Australia's economic recovery has been faster and better than expected, but war in Europe and China's COVID-19 outbreaks are wildcards for the nation's outlook.
Senate hopeful Clive Palmer says his United Australia Party will freeze the fuel excise as the billionaire attempts to pivot to cost-of-living pressure.
Australia's petrol and diesel taxes are already amongst the lowest in the world, prompting calls for greater use of ethanol to provide relief at the bowser.
Motorists will have to wait until later in the month to see how the federal government plans to ease pressure on petrol prices as they soar above $2 a litre.
Two members of the federal coalition's junior partner have called for a cut in the fuel excise as petrol prices continue to climb above $2 a litre.
Sports Minister Richard Colbeck says athletes and teams representing Russia or Belarus are not welcome in Australia.
Fuel has surged to its highest-ever pump price of more than two dollars a litre in parts of Australia, with the Russian invasion of Ukraine partly to blame.
Motorists cringing at the price of petrol should brace for more financial pain as tension in Europe and a recovering economy send oil prices higher.