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$0.144 per litre on liquified petroleum gas used as fuel (autogas or LPG as it is commonly known in Australia). [6] $0.081 per litre on ethanol fuel for use as fuel in an internal combustion engine (which can be reduced/removed with grants) $0.041 per litre on biodiesel (which can be reduced/removed with grants)
WAPET later discovered in 1964 the first commercial natural gas field in Western Australia, at Dongara in the Perth Basin. [7] In 1998, the federal government discontinued fuel price regulation in 1998. However, the Victorian and Western Australian state governments passed their own price control legislations in 2000. [8]
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.
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
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.
Australia had a fixed carbon price of A$23 ($23.78) a tonne on the top 500 polluters from July 2012 to July 2014. [19] [20] Coal mine near Collie, Western Australia, 2010. Australia is the fourth-largest coal producing country in the world. Newcastle is the largest coal export port in the world.
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.
The economic context that led to the eventual proposition of the 1973 Prices Referendum was driven by numerous economic factors. A resource boom derived from the demands of Japanese industrialisation and increased capital inflows due to the Australian dollar being perceived as undervalued drove Australia's economy in the early 1970s. [5]