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Australia's first oil rig was erected there in 1866. [3] Between the 1920s and 1950s, the Shell Company of Australia and Vacuum Oil Company Australia Pty Ltd were selling petrol through single-brand service stations while Golden Fleece, Independent Oil Industry and Commonwealth Oil Refineries Ltd operated through multiple-brand stations. [4]
Petrol for use as fuel in an aircraft is taxed at $0.03556 per litre. In addition all fuels are subject to 10% Goods and Services Tax (GST). The federal government increased the fuel excise tax with effect from 10 November 2014 by restoring CPI indexation to the tax every six months, on 1 February and 1 August. [ 7 ]
On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Western Australia's share of national petroleum production in 2007. Oil production in Australia increased gradually after 1980, peaking in 2000 at 805,000 barrels per day (128,000 m 3 /d). In 2003, production fell dramatically to 630,522 bbl/d (100,245.0 m 3 /d). In 2006, Australia produced approximately 562,000 bbl/d (89,400 m 3 /d) of oil. [14]
EG Australia is the Australian subsidiary of British company EG Group which operates the EG Ampol chain of petrol stations, selling Ampol (formerly Caltex Australia) fuel at its stations. As of October 2022 [update] , there are over 540 EG Ampol petrol stations.
Opal is a variety of low-aromatic 91 RON petrol developed in 2005 by BP Australia to combat the rising use of gasoline as an inhalant in remote Indigenous Australian communities. [ 1 ] Though more expensive to produce, requiring a $0.33/litre Federal subsidy, a 2006 report found it would likely save at least $27 million per year when the social ...
United Petroleum is an Australian petrol retailer and importer. It was established in 1993 and, as of October 2020 [update] , has over 450 petrol stations in Australia. [ 1 ] The company also owns Pie Face , a pie outlet it acquired in 2017 and subsequently rolled out to many of its service stations.
Reddy Express, formerly Coles Express, is an Australian chain of convenience stores at Shell Australia petrol stations. Until it became controlled by Viva Energy in May 2023, [1] Coles Express was a trading name of Coles Group. [2] Then in September 2023, Coles Express was renamed Reddy Express.