BP Woolworths Deal
Do you remember AMPOL? What about Golden Fleece? Whatever happened to Mobil service stations?
It seems the fuel industry is constantly changing names and alliances.
Coles and Shell have a deal to run fuel and convenience stores … now Woolworths is looking to do the same with BP.
But the ACCC Chairman Rod Sims says he’s concerned that might lead to even less competition ... leading to higher prices...
The deal would see BP go from 5% to 15% share of the retail fuel sites in Australia.
The ACCC has called for submissions from interested parties, and its final decision is scheduled for October 26.
Are there any AMPOL service stations anymore … I haven’t noticed one for a long time!