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Petrol Fuel

PKN Orlen Interested in OMV´s Petrol Stations

The Austrian oil corporation OMV downsizes its operations in the Czech Republic. 220 Petrol stations are for sale.

October 31, 2011

BP Determines Purchase Contracts With OMV

The Austrian subsidiary of British Petrol ends up contracts with the Austrian oil corporation. Possibly better conditions should be negotiated.

October 31, 2011

WIFO Claims Property Tax

Karl Aiginger, CEO of the Austrian Institute of Economic Research calls for a significant increase in taxation of real estate and fuel.

October 24, 2011

Inflation Rate Decreased Slightly in May 2011

The Austrian inflation rate fell from 3.3% in April to 3.2% in May 2011. Mineral oil and food products remained the main price drivers.

June 16, 2011

Good Prospects for BDI

The manufacturer of biodiesel could realize rising profits in Q1/2011. However, sales were declining.

May 12, 2011

Shutdown Petrochemicals – OMV Plant Overhaul at Schwechat Refinery

The OMV Refinery in Schwechat (Lower Austria) will undergo a further routine shutdown from May 3. This time, the petrochemical plant parts will be out of commission for around one-and-a-half months.

April 28, 2011

Energy Prices for Households still on the Rise

Especially mineral oil product prices rose steadily in the first quarter of 2011. Electricity prices remained stable.

April 23, 2011

Inflation went up to 3.1%

Austrian Consumer Price Inflation increased to 3.1% in March 2011 - the main drivers are energy and food prices.

April 16, 2011

Romania's Premier: "Sale to OMV was a Huge Loss"

Prime Minister of Romania Emil Boc regrets the 2004 sale of the then government owned Petrom to Austria's OMV.

March 30, 2011

BP Austria: Sales for € 1.3bn

The British oil company increased its sales last year from € 1.05bn to € 1.3bn. The operating profit quadrupled.

March 29, 2011

Petroleum Industry: Only 2659 Gas Stations by End-2010

Due to fierce competition and low margins, there are increasingly fewer gas stations in Austria

March 25, 2011

Austrian Inflation Rate Increases up to 3.1%

Consumer Price Inflation (HICP) jumped to 3.1% in February 2011, which is mainly due to the increase in prices for energy, fuel, rents and foodstuffs.

March 17, 2011

Austrian Inflation Speeds Up

The Austrian consumer price inflation increased to 2.5% in January 2011. This development has been caused by rising energy prices.

March 1, 2011

OMV: "Turkey as a Bridge for Oil and Gas Wells in the region"

The Austrian oil company, which has already invested € 2.0bn in Turkey, considers the location a starting point for the Middle East.

February 17, 2011

Market Adjustments at the Gas Stations Business

Doppler, the largest private operator of gas stations in Austria predicts a decline in the gas station network.

February 11, 2011

Oil Prices Rose Sharply in December

The Energy Price Index (EPI) calculated by the Austrian Energy Agency rose 2.3% in December 2010 compared with the previous month.

February 8, 2011

Wholesale Price Index Strongly Rising

Austrian Wholesale price index in January 2011: +11.6% against January 2010.

February 8, 2011

Austrian Gas Price Index Continues to Rise Slightly

The February 2011 Austrian gas price index (ÖGPI) recorded a slight increase over the previous month Compared to January, it rises to a value of 114.89.

January 26, 2011

Agrana: Successful Completion of Campaigns

Agrana completed the sugar beet campaign at the sugar processing plant in Tulln|Lower Austria and, therefore, the 2010|2011 processing season at all of its facilities.

January 21, 2011

WKÖ Expects further Rise in Energy Prices

Due to the economic recovery, the Austrian Economic Chamber forsees further increases in oil prices. However, there also exists some saving potential.

January 20, 2011

Austrian Construction Costs up by 3.2% in 2010

Construction cost index 2010: increase of all three construction branches in annual comparison.

January 18, 2011

Inflation Increased up to 2.2% in Austria

The Consumer Price Inflation (HICP) increased up to 2.2 % in December 2010. This was mainly due to energy prices.

January 15, 2011

Agrana´s Upward Trend Continues

With a strong third quarter, Agrana, the Austrian sugar, starch and fruit group, continued its positive performance of the current financial year.

January 14, 2011

Commodity and Food Prices Rising

Austrian Wholesale price index in December 2010: +9.1% against December 2009; annual average 2010: +5.0% against 2009.

January 5, 2011

Further Rise in Energy Prices for Households

Austrian energy prices in November 2010 were higher by 5.8% compared to the previous year. Only gas became cheaper.

December 27, 2010

OMV Closes Acquisition of 54.14% in Petrol Ofisi

OMV, an Austrian energy group, completed the acquisition of a 54.14% stake in Petrol Ofisi A.S.

December 22, 2010

Inflation falls to 1.9% in November

According to calculations by Statistik Austria, the inflation rate for November 2010 was 1.9% after 2.1% in October. Price drivers are energy and housing.

December 16, 2010

OMV Sells 56 Gas Stations to PKN Orlen

56 gas stations in the German states of Thuringia and Saxony go to a subsidiary of the Polish oil group PKN Orlen.

November 19, 2010

Consumer Price Inflation up to 2.0% in October 2010

Main drivers for inflation are energy prices. Thus, inflation further accelerates.

November 16, 2010

Energy Prices Rise Steeply

An increase of 6.7% was recorded for energy prices in the yearly comparison. The relevance of alternative energy sources will increase significantly in future, as energy price increases are expected to continue in the long term.

November 2, 2010

OMV: Complete Takeover of Petrol Ofisi Fixed

The deal is finished. Turkey will be the third main market for the OMV group.

October 22, 2010

OMV Deal: Many Questions Without Answer

Not only the extent of the takeover is unknown, but also how it will be financed.

October 22, 2010

Increase in Mineral Oil Tax likely

Economy Minister Mitterlehner speaks of a possible moderate increase.

October 21, 2010

OMV Plans Complete Takeover of Petrol Ofisi

OMV and Doğan Holding are in detailed negotiations regarding an acquisition of Dogan Holding’s stake in Petrol Ofisi by OMV

October 20, 2010

Mineral Oil Tax: A Cash Cow for the Finance Minister

State revenues for the mineral oil tax have risen steadily since 2000. At that time, motorists paid 2.726 billion euro; this year it will be 3.9 billion euro.

October 15, 2010

Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying

The Greek businessman Vasileios Xeniadis is prepared to offer 1.35 billion euro for Hypo Alpe Adria.

September 16, 2010

Inflation in Austria fell slightly

Inflation in Austria fell from 2.0 to 1.9 percent in July on an annual basis. The main drivers were price increases for housing and fuels, which are responsible for half of the increase in CPI.

August 16, 2010

Expensive oil products - Inflation rises to 2.0 percent

The inflation rate was held high in June compared to last year due to higher prices of petroleum products.

July 14, 2010

Energy ten percent more expensive

Fuel prices have risen strongly again, oil is more expensive by a third, but gas is cheaper than a year ago.

June 22, 2010