Jun 3, 2026 – 12.18pmFuel supplier and retailer Ampol planned to build on the success of its discount chain U-Go, after winning regulator approval for the $1.1 billion acquisition of EG Australia’s network of service stations, said chief executive Matt Halliday.Approval came after the former Caltex Australia in late April increased the number of premises it committed to sell to win clearance from the watchdog to 41 from 37, a number that had already been boosted from Ampol’s initial commitment of 19.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Ampol to grow U-Go discount chain after getting tick for EG deal
About 125 sites will be converted to the self-serve model, which has thrived as motorists hunt for cheaper fuel during the Middle East crisis.
TL;DRAI
Ampol wins $1.1B approval for EG Australia's service station network after committing to divest 41 locations, fueling U-Go discount chain expansion. The deal consolidates fragmented Australian fuel retail and signals Ampol's shift toward discount positioning against digital convenience alternatives.
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