Jul 29, 2026 – 5.00amThe country’s two remaining oil refiners are pushing for a big increase in federal government subsidies to keep operating despite a multimillion-dollar surge in profits this year amid conflict in the Middle East.Ampol and Viva Energy are locked in discussions with government officials over the terms for long-term support that would go well beyond the current subsidy which limits losses and instead guarantees a certain return.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Oil refiners chase sweeter support deal despite surging profits
Ampol and Viva Energy are pushing for a major overhaul of subsidies to keep their refineries running for longer, even as their own earnings are soaring.
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