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The supermarket that really sells the cheapest groceries in Australia and why Aldi is better value
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It s the pandemic – Fuel prices spike in Australia
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Viva Energy Revives Hopes Of Dividends
Jul 12 2021
Despite the various city lockdowns and restrictions on travel, Viva Energy has grown its fuel volumes, underpinned by agriculture, resources and the regional retail network
-Total fuel sales volumes now ahead of pre-pandemic levels
-Viva Energy grew market share while fuel margins improved
-Upside likely from the “future fuels” options at Geelong
By Eva Brocklehurst
The agriculture, resources and regional transport sector have provided Viva Energy ((VEA)) with strong commercial fuel sales, while additions to the retail network have also lent support despite the various city lockdowns.
In the company s update, retail and commercial fuel volumes were well ahead of forecasts as were refining margins. The commercial segment appeared to benefit from new contracts as well as contract retention, Credit Suisse observes, along with retail fuel from the regionally-oriented Liberty network.
Automotive industry welcomes cleaner petrol, paves the way for fuel miser cars
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