Ampol’s oil refinery sinks to loss as virus drains fuel demand

Ampol service station loss

Ampol’s oil refinery sinks to loss as virus drains fuel demand

2 years ago
Australian fuel supplier Ampol has detailed the severity of COVID-19’s impact on its operations as travel restrictions wipe out demand and send its oil refinery sinking to a loss of nearly $60 million. Ampol, formerly Caltex Australia, told shareholders on Tuesday it was suffering “unprecedented challenges” amid the pandemic’s devastating effect on petrol and jet fuel consumption so far this year as flights remain grounded and cars parked in driveways. The company’s benchmark underlying profit […]
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