Smart move rayonline. I wasn't expecting the margin compression from BOTH angles quite so soon. ZEL hopefully still finding some "synergies".
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Thanks Dreamcatcher, would like to trust myself a bit more after all these years, but feel I need a bit more info on this one. Like ZEL's plans to respond to the Govt's report. Looks like more capital expense required in the medium term, eg new pipeline etc but need a better feel for the scale involved.
Caltex in Aus giving up the Caltex brand and switching it to their own brand Ampol. Could Z dispense with the caltex brand to save money ,and amalgamate it to Z? Competition watchdog not allow it maybe.
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Would hardly reduce competition to allow a company to re-brand its outlets, but stranger things have happened in the name of "competition"!Quote:
Competition watchdog not allow it maybe.
$1.32 for Unleaded in Adelaide last week although a BP was $1.72 so need to shop around.
Good to see ZEL acting fast to put prices up ......got to keep those profits up.
Up faster than an Iranian ballistic missle. Disgraceful how ZEL almost always tries to lead the market higher.
use to be BP at one point, may be they take it in turns:confused:
However, the others usually follow shortly afterwards
Locally where I live, the Caltex station is the cheapest (usually 3 or 4 cents before any discounts) and that is owned by... hmmmm
I'm not sure they are doing themselves a service with their nominal pricing.
Currently 224.9 here at Z with Gull 213.9 (just down the road)
But if you use the Z app you get 10c of that 11 differential. (so it says - I havent done it)
Given the Gull is the Speed Lane price (with their regular pump price 219.7) and Z is full service thats not too bad really.