Petrol prices
Consumers in 2007 benefited from the stronger Australian dollar which resulted in the price of petrol at times being approximately 14 cents per litre lower than if the A$ had remained at 2006 levels.
During the year, Caltex made substantial contributions to the Australian Competition and Consumer Commission’s 2007 inquiry into unleaded petrol prices in Australia. Caltex welcomed the ACCC report issued in December 2007 which found no reason to regulate petrol pricing and no evidence of price fixing or collusion in the industry.
Biofuels expansion
Caltex more than met its commitment under the Australian government’s Biofuels Action Plan, exceeding the 2007 target by 50%.
The company trebled the volume of ethanol and biodiesel sold in biofuel blends in 2007. The number of service stations selling Bio E10 Unleaded and/or New generation Diesel with 2% biodiesel increased from 237 to 306.
Bio E10 Unleaded, which contains 10% ethanol blended with regular unleaded petrol is now offered at 207 sites in New South Wales, Queensland and the ACT. The network continues to expand and the proportion of Bio E10 Unleaded in petrol sales at these sites is growing.
Consumers in 2007 benefited from the stronger Australian dollar which resulted in the price of petrol at times being approximately 14 cents per litre lower than if the A$ had remained at 2006 levels.
During the year, Caltex made substantial contributions to the Australian Competition and Consumer Commission’s 2007 inquiry into unleaded petrol prices in Australia. Caltex welcomed the ACCC report issued in December 2007 which found no reason to regulate petrol pricing and no evidence of price fixing or collusion in the industry.
Biofuels expansion
Caltex more than met its commitment under the Australian government’s Biofuels Action Plan, exceeding the 2007 target by 50%.
The company trebled the volume of ethanol and biodiesel sold in biofuel blends in 2007. The number of service stations selling Bio E10 Unleaded and/or New generation Diesel with 2% biodiesel increased from 237 to 306.
Bio E10 Unleaded, which contains 10% ethanol blended with regular unleaded petrol is now offered at 207 sites in New South Wales, Queensland and the ACT. The network continues to expand and the proportion of Bio E10 Unleaded in petrol sales at these sites is growing.