Caltex Asked To Explain Price Hikes

Refinery Life
Caltex Asked To Explain Price Hikes


Oil industry giant Caltex will receive a “please explain” for price hikes it implemented during a stand-off with Kurnell maintenance workers.

During this week’s two-day stoppage, the company ramped up pump prices by as much as 20 percent, infuriating motorists, workers and their union.

CEPU branch president, Bernie Riordan, accused the company of dishonestly "persecuting motorists".

"Caltex stated Sydney's petrol supplies were at risk. In reality, the refinery was operating at full capacity in relation to petrol production," Riordan said.

He accused Caltex of "profiteering" and perpetrating an "act of bastardry".

Maintenance staff at Kurnell returned to work on the recommendation of the NSW Industrial Commission but the state's Labor Council intends pursuing the company's cash grab.

It will write to the Australian Consumers and Competition Commission drawing attention to the price rises and the context in which they occurred.

"On the face of it, something strange happened and consumers got nailed," Council secretary John Robertson said. "At the very least, Caltex should stand up and explain its actions."