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In a notice issued 22 April, the Australian Consumer and Competition says "Petrol retailers should not use the current pandemic to further increase profits, which the latest ACCC petrol industry report
https://www.accc.gov.au/public... shows have risen in recent years, and should pass on the full benefit of falling oil prices to motorists." The full notice is below. In this teaser we ask this: with dramatically reducing volumes, if the price per litre falls in line with current oil prices (which are lower than those when the oil that is now current petrol stocks were bought), who's paying for the infrastructure and the staff? Prices per litre must cover those costs and that may mean a higher, not lower, price per litre simply to maintain a cashflow neutral business.

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China is working incredibly hard to reduce its pollution problems, especially in the north where cold air and industrial outputs conspire to produce thick, choking smog. A stroll around any Chinese city these days will demonstrate the country's commitment to the development and production of electric vehicles. There has been announced a ban on the production and/or import of petrol and diesel powered cars "in the near future" and some say this could be as early as from 2020, Aside from European and Japanese hybrids and the expected re-emergence of Volvo as an electric-only brand, what else has China been working on. We have photos...

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Der Spiegel, a German newspaper, has spotted a footnote in the activities of the German parliament. A vote in the upper chamber, the Bundesrat, was the venue for a statement that it wished to see a ban on new petrol and diesel powered cars by 2030. Will it and can it take effect? Read on for one of life's most wonderful ironies - and no, it's not the one about Germany inventing the internal combustion engine. Don't worry, DTM lovers: you are not about to be cast into the wilderness.

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