ACCC to delay consideration of BP's acquisition of Woolworths' service stations

The Australian Competition and Consumer Commission announced that at the request of BP and Woolworths, the ACCC has delayed its consideration of BP's proposed acquisition of the Woolworths' retail service station sites so that the ACCC can consider further information from the parties. The expected new decision date is 14 December 2017.

"This is a significant decision for the retail petrol market in Australia. The extension to the consideration period will allow the ACCC to consider further information from the parties," ACCC Chairman Rod Sims said.

"This potential transaction involves complex, extensive data analysis of fuel prices across all fuel sites in Australia over a number of years, and it's vital we take the time to thoroughly assess its likely impact," Mr Sims said.
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