Latest Fuel Prices News

Air New Zealand reported a resilient $126 million net profit for FY2025 despite grounding up to 11 aircraft due to engine maintenance issues, while advancing its net zero emissions commitment with a new 2030 guidance.

MLG Oz Limited reported a 15.5% increase in revenue to $548.3 million and a 10.7% rise in net profit after tax to $12.1 million for FY2025, driven by new contract wins and improved margins in the second half. Despite strong financials, the company declared no dividend for the year.

Virgin Australia Holdings Limited is set to list on the ASX, raising $685 million through a mix of new and existing shares, showcasing its transformation journey and strategic partnership with Qatar Airways.

Contact Energy's April 2025 report reveals a slight decline in electricity and gas sales but improved netback prices, with mixed progress on key projects and rising generation costs.

Champion Iron Limited reported a solid Q4 FY2025 with record iron ore concentrate sales of 3.5 million dmt and steady production despite scheduled maintenance and ore hardness issues. The company is progressing its Direct Reduction Pellet Feed (DRPF) project on track for December 2025 commissioning.

Viva Energy's Geelong Refinery experienced an unscheduled shutdown due to a power outage caused by a lightning storm. Restart efforts are underway, with normal operations expected to resume within two weeks.