Fuel News

Petrol has dipped below $1 per litre at bowsers across Australia as the price of fuel hits a 20-year low. A massive oversupply of oil globally – as roads are empty during the lockdowns – has caused the price of petrol to plummet to record lows. In some extreme cases – reported widely on the nightly news – some oil companies are even paying others to take their fuel supply because they have nowhere to store it.

Your local petrol station may be set to receive a vintage facelift this year, with news Caltex Australia will transition its name to Ampol over the next three years, commencing in 2020. The move comes after U.S. oil company Chevron terminated the licensing agreement allowing Caltex Australia to use the Caltex name.

Volkswagen Australia managing director, Michael Bartsch, has called for Australia's fuel standards and emissions testing to be dragged into line with the latest European rules, lest we become a "dumping ground" for old engine technology.

Environment Minister John Frydenberg has told press this morning that a report overnight of a so-called 'carbon tax' on cars is a beat-up. “This story is a beat-up,” he said in an interview with ABC radio. “It’s about as likely as Elvis coming back." He said the government is focused on reducing fuel costs for families, "and that is something we'll continue to consult on," but no decisions have been made.