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Philippines: Total to Expand Retail Network

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Total Philippines plans to open 20 new fuel service stations in 2012, the company has announced. Malou L. Espina, Total's Manager for Corporate Communications, confirmed the increase in the firm's expansion plans. “Our target is to open 20 stations this year. Before we would open only 18 new stations every year [but] we increased it,” she revealed.

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Australia: Senex Sells Port Bonython Terminal to Mitsubishi

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Australian energy company Senex has sold a proposed fuel terminal at Port Bonython to Mitsubishi, saying that it will now focus more on its core upstream business. Senex acquired the terminal from Stuart Petroleum Limited and said it has realised the value of the asset. "Senex is an upstream business, focused on the exploration, development and production of oil and gas assets, said Senex Managing Director Ian Davies. 

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South Korea: Government to Expand Discounted Stations

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South Korea's Government plans to open more stations selling fuel at a discounted price nationwide, the Finance Ministry has announced. At an economic policymakers meeting called to discuss stabilising consumer prices, ministry representatives revealed that it aimed to increase the number of discount fuel stations to 433 by the end of the month.

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India: Economic Survey Calls for Diesel Subsidy Shake-Up

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India's latest Economic Survey, introduced to parliament by Finance Minister Pranab Mukherjee (pictured), has called for a major reform of the diesel subsidy system. Arguing that subsidising diesel has a significant impact on health, public finances and the environment, the document proposes a system whereby cost increases will be passed on to the consumer. 

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