Caltex purchase of petrol discounter falls foul of ACCC

 In Australia, Convenience, NewZealand, Petro
Petroleum retailer and refiner Caltex Australia’s planned purchase of a chain of independent petrol stations in Victoria has run into competition concerns with the consumer watchdog, the ACCC, warning the move could lead to motorists paying more for their petrol.

And with the proposed $1.8 billion BP acquisition of Woolworths-run petrol stations before the watchdog, the concerns with the planned Caltex deal in Victoria signals a tough road ahead in winning government approval for this deal which will have a much larger impact on the national fuel market. Sydney Morning Herald – Read more…

Recent Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.