DIESEL FUELS – AUSTRALIA

Diesel storage contracts up for grabs in fuel-security move

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 14 : 8-Jan-21

Oil refiners and fuel storage providers will be able to apply for grants of up to $33 million to build diesel storage facilities as part of the federal government’s fuel security package. Applications for the grants will open on 11 January and will close on 22 February, with companies that are likely to be interested in applying including Viva Energy, Ampol and ExxonMobil. The grants aim to support the construction of an additional 780 million litres of diesel storage.

CORPORATES
VIVA ENERGY GROUP LIMITED – ASX VEA, AMPOL LIMITED – ALD, EXXONMOBIL AUSTRALIA PTY LTD

Miners seek assurance on fuel tax break

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 21-Apr-20

The resources sector is lobbying the federal government not to touch the diesel excise rebate as it looks at ways to repay the cost of the COVID-19 pandemic. The rebate is worth around $2 billion to the resources sector; it is also received by other industries, including fishing and agriculture. Minerals Council of Australia CEO Tania Constable contends that imposing higher taxes to pay for the cost of COVID-19 will harm jobs and curtail growth, while she notes that both the Henry tax review and Treasury are of the view that the fuel tax credit is sound economic policy.

CORPORATES
MINERAL COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY

2.23 million Australians drive diesel fuel vehicles

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Original article by Roy Morgan
Market Research Update – Page: Online : 5-Feb-18

A Roy Morgan Single Source survey shows that 45% of Australians aged 18+ say they would seriously consider buying a diesel fuel vehicle, down from 50% two years ago. Meanwhile, 52% say they would consider buying a hybrid vehicle, ahead of electric vehicles (37%), and LPG vehicles (21%). Analysing Australians who mostly drive diesel fuel vehicles shows that 1.13 million reside in capital cities and 1.10 million in country areas, although the differing populations between the two means country Australians are 36% more likely to drive a diesel fuel vehicle than the average Australian. Nearly a third of Australia’s diesel fuel vehicles are driven by either semi/unskilled workers (18.3%) or skilled workers (14.4%), with both over-represented as drivers, while a further 22.5% are professionals/managers. Although farmers represent less than 2% of all diesel fuel vehicle drivers they are 185% more likely to drive a diesel fuel vehicle than the average Australian.

CORPORATES
ROY MORGAN LIMITED