ces

OMRON introduces a new product, ultra-small multi code reader V400-R series. For Paper/Label. Both 2D & 1D code compatible.

Topics




ces

Lighting for Image Processing

Next generation ODR technology(FL Series)




ces

Connector-Terminal Block Conversion Units for General-purpose Devices

Many Variations in Connectors and Number of Poles(XW2R (General-purpose devices))




ces

Freedom Services loses 30 staff amid restructure

However, its MGA Pukka is now live with fresh capacity following Gefion exit.




ces

Biba announces board changes

Board members serve a maximum term of six years.




ces

Former Towergate CFO Mark Mugge resurfaces at motor broker

Mugge most recently worked at Ardonagh Group after moving across from Gallagher to Towergate in 2015.




ces

Covid-19: Measures to maintain personal injury claims process launched

The ABI and the Association of Consumer Support Organisations have developed a statement of intent recommending remote video examination and rehabilitation.




ces

Rise in motor insurance prices last quarter

Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.




ces

Broking success: Richard Hames, M&DH Insurance Services' managing director

Building a broker: M&DH Insurance Services’ managing director Richard Hames tells Insurance Age why the construction and manufacturing specialist is focused on growth and how the broker is overcoming the current challenging market.




ces

Covid-19: RSA faces legal action in BI dispute

RSA is latest provider in firing line as nursery sector hits out and, separately, a new action group, Insurance Justice, has been set up to defend BI claims for businesses.




ces

Covid-19: Hiscox BI pressure groups join forces

Hiscox Action Group and the Night Time Industries Association, representing more than 500 businesses, have agreed to work together to challenge Hiscox’s business interruption stance.




ces

Axa XL teams up with Accenture on cyber security services

Provider says partnership will benefit Axa XL brokers and clients.




ces

Product review: Accessible cyber

Paul Beck, managing director of Direct Insurance Corporate Risks, reviews CPP Secure's Cyber Insurance for SME




ces

CFC develops excess cyber product

The proposition is aimed at small and medium sized business.




ces

CPT News Release: Coach tourism needs 65m a month as it faces fight for its future with 18 month winter warns CPT

Today 7 May CPT is calling on the Government to provide a support package worth pound;65m each month for the coach tourism industry.




ces

Home Offices - Great Ideas for Working from Home

In this day and age, the cost of living has risen considerably and with the rising prices constantly day in day out there is a serious need to keep the cash coming in somehow and from somewhere.



  • Interior Design / Decor

ces

Seven Keys to Permanent Weight Loss Success (Part 3 of 4)

During a recent seminar that I conduct, participants explored the concept of just how powerful the mind is and how this relates to losing fat. After a serious of powerful exercises, they were asked to create an action plan based on what they learned in order to successfully lose fat and keep it off. The result of this workshop was seven keys that addressed what most diet programs or weight loss systems do not: the fact that fitness starts inside.




ces

Seven Keys to Permanent Weight Loss Success (Part 4 of 4)

During a recent seminar that I conduct, participants explored the concept of just how powerful the mind is and how this relates to losing fat. After a serious of powerful exercises, they were asked to create an action plan based on what they learned in order to successfully lose fat and keep it off. The result of this workshop was seven keys that addressed what most diet programs or weight loss systems do not: the fact that fitness starts inside.




ces

Eat More Pectin For Successful Weight Loss

Wouldn't it be great if there was a way to not feel so hungry all the time when you are trying to lose weight? Well there is a way and it's not some new fad either, it's something that's natural, has no adverse side effects and might be sitting right in your fridge - fiber.




ces

Affiliate Marketing Success Secrets Revealed

Affiliate Marketing is a very lucrative business. But most of the affiliates either fail miserably or earn insignificant amount of money. These secrets will help you to kickstart your affiliate marketing business almost immediately.




ces

Glossary of common terms used during the mortgage process

A layman's glossary of 34 terms commonly used during the process of arranging a mortgage in the UK.




ces

Home Equity Credit Lines Provide Quick Access to Cash

Home Equity Credit Lines provide quick access to cash in times of need.




ces

The 3 Best Website Traffic Sources

Provides a different perspective on what website traffic "really" is and gives you some very straight forward thoughts on how to evaluate any source of traffic you're considering purchasing. Explains why publishing targeted articles online is your best strategy




ces

Website Traffic Is Not The Key To Success

Although it's true that a constant stream of traffic is the lifeblood of a website, the quality of the traffic is far more important than the quantity. What you need are visitors specifically interested in your product or service -- you need 'targeted traffic'.




ces

Hair Loss - Tips for Success

Learn how to get the most out of any hair loss product. By following these simple guidelines, you can make any hair loss treatment more effective.




ces

Petrol retailers should reduce their prices in line with falls in international petrol prices

22 April 2020

Petrol retailers should not use the current pandemic to further increase profits, which the latest ACCC petrol industry report shows have risen in recent years, and should pass on the full benefit of falling oil prices to motorists, the ACCC has said.

Weekly average international crude oil prices have decreased by around US$ 50 per barrel since the beginning of the year and this has largely flowed through to Australian wholesale petrol prices, which have decreased by around 50 cents per litre (cpl) in the same period.

Over the same period, seven-day rolling average petrol prices across the five largest cities (i.e. Sydney, Melbourne, Brisbane, Adelaide and Perth) have decreased by around 45 cpl. These cities have regular petrol price cycles, which makes it difficult to assess the exact flow through of falls in international crude oil and refined petrol prices in the short term.

“The drop in the crude oil price is good news for the Australian motorists. At this time the Australian economy needs all the assistance it can get, and lower world crude oil prices are one of the few positives from current world events,” ACCC Chair Rod Sims said.

“In the larger Australian capital cities, petrol retailers took too long to pass on the savings from the rapid drop in international oil prices, and this did not reflect well on them.”

In Hobart, Canberra and Darwin as well as many regional locations, retail prices have been much slower to come down and the extent of the falls has varied widely.

Fuel prices are generally higher in regional Australia due to a number of factors, including lower population and demand, meaning there are fewer petrol stations, which often leads to less competition. There are also higher costs for transport and storage of fuel, and less convenience sales which can support the operation costs of petrol retailers when fuel prices are low.

Price changes in regional centres can lag up to six weeks behind changes in the larger capital cities, because the turnover of stock is generally lower in the country. The reduction in demand for petrol due to current travel restrictions may have further exacerbated the lag.

“We have previously found that the lack of vigorous and effective competition in some regional locations was a major reason for higher prices in those locations,” Mr Sims said.

“Where there is competition, you tend to see lower prices. Giving your business to outlets that are pricing competitively sends a strong message to those that have high prices that they will lose your business. We recommend motorists compare prices on fuel price apps and websites, such as MotorMouth and the government schemes in NSW, WA and the NT, which also provide information on retail prices in regional locations.”

“Especially at this difficult time, retailers must not take advantage of the situation to increase their profits, but should pass on savings to motorists,” Mr Sims said.

“The ACCC’s role is to monitor the market closely, and we will continue to do this, particularly to keep the pressure on the petrol retailers at this time.”

New ACCC report shows retail profits increased over time

The latest ACCC petrol industry report reports on the revenues, costs and profits in the Australian petroleum industry up to June 2018. It includes financial results for the retail and wholesale sectors as well as for refining and across the total downstream industry.

Retail sector net profits across all fuel products, convenience store and non-fuel services were $616 million in 2017-18, the last year covered by this report.

The sector generated a record high $333 million in net profits on petrol products – regular unleaded petrol (RULP), premium unleaded petrol (PULP) and ethanol blended petrol (EBP). This equates to a record net profit of 3.0 cpl on petrol products, which was almost double the average in the period 2008-09 to 2013-14 of 1.6 cpl.

About 60 per cent of petrol net profits ($199 million) were made on premium fuels, which only accounted for about a third of petrol sales by volume.

“Much of the increase in net profits on petrol products was driven by sales of PULP, which has a significantly higher profit margin for retailers,” Mr Sims said.

Net profits on PULP 95 and PULP 98 were 5.8 cpl and 5.9 cpl respectively, while net profits on regular unleaded were 1.5 cpl in 2017-18.

PULP 95 and PULP 98 have become more expensive relative to the retail price of RULP. The annual average price differential between RULP and PULP 98, for instance, increased to 20.4 cpl in 2017-18, an increase of 3.9 cpl since 2009-10. Profits were also influenced by higher sales volumes of PULP (particularly PULP 98).

Retailers also earn substantial profits from convenience store sales. Convenience and other non-fuel sales contributed around 37 per cent of total retail sector net profits (or $226 million) in 2017-18, illustrating their importance to petrol retailers’ businesses as the profit margins on these products are significant.

“Petrol stations make most of their profits from convenience sales and premium fuel. The average net profits on regular unleaded, at about 1.5 cpl are only a small part of the price motorists pay,” Mr Sims said.

The annual average retail price of RULP in the five largest cities in 2017-18 was 134.5 cpl.

“Drivers who have the option, can save money by resisting the temptation of convenience foods at petrol stations and using regular unleaded petrol, although motorists should follow their car manufacturers’ advice,” Mr Sims said.

Net profits in 2017-18 were stronger for refining and across the total downstream industry

The number of refineries halved from eight in 2002-03 to four in 2017-18, significantly rationalising operations. The financial performance of the refining sector fluctuated over the same period.

Refining net profits however recovered following several years of net losses after the Global Financial Crisis. Net profits reached $845 million in 2017-18, the highest since 2007-08. Overall profits for the total supply sector (which comprises refining, importing and transactions between refiners) were $1.19 billion in 2017-18.

Wholesale sector net profits were about $976 million in 2017-18 across all products and services. They have fluctuated over time but have been relatively consistent since 2008-09.

Net profits for the total downstream industry across all products and services were $2.78 billion (or 2.9 cpl), the highest recorded since 2007-08 and more than double the figure recorded for 2013-14 ($1.24 billion, or 1.4 cpl).

For petrol products, total industry net profits were $1.44 billion in 2017-18, or 4.2 cpl, the highest recorded by the ACCC. They were around double the profits on petrol products across the industry in 2013-14 ($723 million, or 2.0 cpl).

Notes to editors

On 16 December 2019, the Treasurer issued a new direction to the ACCC to monitor the prices, costs and profits relating to the supply of petroleum products in the petroleum industry in Australia. As part of this direction, the ACCC produces industry reports that focus on particular aspects of consumer interest in the fuel market in relation to prices, costs and profits.

This is the first industry report under the new direction. It reports on the revenues, costs and profits for the total downstream petroleum industry as well as for the following industry sectors: retail, wholesale, and total supply (which comprises refining, importing and transactions between refiners).

The focus of this report is to provide transparency around the financial performance and the profitability of the downstream petroleum industry. It presents results from analysis of this data.

The ACCC analysed the financial data of 11 companies:

  • refiner–wholesalers – BP, Caltex, Mobil and Viva Energy
  • independent wholesalers – Liberty, Puma Energy and United
  • supermarket chains – Coles Express and Woolworths
  • large independent retailers – 7-Eleven and On The Run.

The ACCC previously reported on financial results to the end of 2013-14.

This report includes data from 2002-03 to 2017-18 (the latest data analysed), but excludes results for 2014-15 and 2015-16, which was a period when the ACCC conducted other financial analysis of the industry as part of its regional market study reports.

All results in this report are in real terms in 2017-18 dollars.

Release number: 
76/20
ACCC Infocentre: 

Use this form to make a general enquiry.

Media enquiries: 
Media team - 1300 138 917
Audience
Topics




ces

Why Do Stock Prices Go Up And Down?

What is a company's "fundamentals" or "book value"? What's the difference between a "buy and hold investor" and a "trader"?




ces

How to Achieve Google Adwords Success - Part Two

Learn Google Adwords success steps four through seven. Learn the secrets of punctuation, keywords, and placement to sky rocket your Google Adwords success.




ces

Mallika Sherawat - Marriage Failure, Career Successful

This article is about hot Indian film actor Mallika Sherawat, her previous and present life.




ces

Today’s Choices for Walk-In Tubs, Showers, and Other Home Safety Options

If you or someone you know is struggling with balance or mobility issues, a walk-in tub and shower is an excellent way to allow them to bathe safely and privately, and to stay independent in their own home for as long as possible. There are also many other options for homeowners and caregivers that keep a person with mobility issues independent and that allow for easier care by friends and family.




ces

Best SEO Firm: Your Guide To Online Success

SEO is all about the different methods that are used for popularizing a site on the web.




ces

A Guide to successful pay per click marketing

Pay per click management is one of the best methods to bring targeted traffic to a site. To make your PPC campaign successful you need to do proper keyword research to find out the appropriate keywords that best describe your services.




ces

SEO Services, What To Look For

There are many factors to consider when hiring an SEO service. This article gives advice on how to select a credible website optimization service.




ces

Prepaid Standard Cell Phone Services

This article explains the differences between the prepaid and standard cell phone services, providing information about the advantages of each service and which one is best to suit someone's lifestyle.




ces

Travel Accessories the Traveler's Enigma

Why has this become an enigma? By shopping for your needed travel accessories prior to your departure, you can save precious time and money.




ces

7 Steps to Set Your Website on the Fast Track to Success

A website means a dynamic marketing plan. To court success a website must be promoted well and deliver all that it promises.




ces

5 Reasons Why Headlines Are Crucial To Your Website's Success

How to sell more of anything via effective, cheap, useful, fruitful and intelligent advertising. Specific strategies to increase your sales in any type of business, online or off, without spending a fortune on copywriting.




ces

Image and Online Success and The Importance of Good Design

Having a good looking site isn't everything but definitely crucial in the overall scheme when branding your company.




ces

Nutritional Supplements - A Necessary Evil?

Nutritional supplements play a vital role in maintaining your health especially if you are over 40. Learn what the Super Foods are and how they are essential to healthy nutrition.




ces

Cricket World Record is a Road to Success

Cricket world record plays a key role in establishing the empire of a cricketer. Be it batting, bowling, wicketkeeping or test matches and ODIs, cricket world record is a source of inspiration for all.





ces

Setting Goals: Your only recipe for success

Goals are like rails. Without them, our claim to success will never find expression in reality.




ces

Golf Cart Accessories

Golf cars come in every shape and style. There are name brands that are well known and some that are obscure but each one is backed with guarantees and warranties.




ces

Golf Accessories - Clubs Shoes Bags and More

OK, these used golf balls are more often than not name brand balls, but this does not matter. The beginning golfer, in learning how to hit the ball straight, keep it in the fairway, out of the woods and water, will go through dozens, if not hundreds of golf balls




ces

3 Must have Nintendo Wii Accessories Reviewed and Explained

Gaming is a multi-pronged world with consoles, accessories and more crowding the market. apart from gaming consoles there have developed over the years a great many gaming accessories that take gaming to new never before explored levels.




ces

Essential! Are You Looking for Long-Term Success or a Quick Fix?

The truth is that Internet marketing is a business, not an overnight riches scheme. Is it possible to earn a lot of money quickly online? Of course it is. I've done it many times and my students have done it as well.




ces

Oracle E-Business Suite: Software Factory Development Process

The Software Factory concept is based on a production line for systems from user requirements to software delivered. This production should be done without any direct communication between developers (production line workers) and users, system analysts and designers (customer side), based upon a scope, schedule, costs and quality standards.




ces

How to trade successfully in the Forex Market

Next we have a short lesson on compounding and how you can get rich on just 20 pips profit per day. Compounding is the only way to make serious money in the forex market so you won't want to miss this. See you then!




ces

There Are Many Things to Cover When Estimating the Cost of Wedding Catering Services

There Are Many Things to Cover When Estimating the Cost of Wedding Catering Services Get more here. Learn more about this topic here. Keywords: Catering fl, Weddings at the brevard zoo, Affordable weddings near melbourne fl, Catering melbourne fl, Wedding food catering, Caters cocoa fl.

The post There Are Many Things to Cover When Estimating the Cost of Wedding Catering Services appeared first on RSS News Feed.



  • Food and Drink

ces

Online audio book rental services - Who needs it anyway?

So what exactly are these online audio book rental services and will you get benefit from them?. Read on and find out the answers for your questions...