March 16, 2017
Australian Associated Press
Australia’s competition watchdog has warned that Caltex Australia’s proposed acquisition of 46 service stations in Victoria from Milemaker Petroleum may “substantially” reduce competition in Melbourne.
Australian Competition & Consumer Commission chairman Rod Sims says Milemaker is a significant independent chain in Victoria, with a distinct strategy to offer lower prices than the major operators.
“The ACCC’s past studies of retail petrol markets have shown that competitive outcomes are better when there are more of these vigorous competitors in the market,” Mr Sims said on Thursday.
Posted in Industry News
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