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UPDATE 2-Australia investigating service stations for possible failure to pass on oil plunge

2015-01-15 10:56:17| Oil & Gas - Topix.net

Australian authorities said on Thursday they would start investigating petrol stations without warning for possible price fixing after a lawmaker accused some of failing to pass on huge falls in the oil price to consumers. The probe will put additional pressure on firms like Chevron Corp and its half-owned retail subsidiary Caltex Australia Ltd, Britain's BP Plc and Dutch Vitol which dominate Australia's service station industry.

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