Australia: No discount at Christmas fuels anger

MAJOR petrol suppliers have lined their pockets over Christmas, gouging an extra $3.5 million from motorists in just two days this week.

Market analysts say Caltex, Shell and their supermarket partners Woolworths and Coles, as well as Mobil and BP, made an extra 3c a litre on Monday and Tuesday by abandoning the usual weekly “discount” cycle.


The ploy added an extra $3.5 million to the oil industry in two days, based on the 55 million litres of unleaded petrol sold every day.

Having hit $1.42 a litre, unleaded nudged a low of $1.33 a litre last week. On Tuesday this week, the price cycle fell to a low of just $1.37.

FuelTrac analyst Geoff Trotter said the oil giants had raked in the rewards over Christmas.

Daily Telegraph