Caltex squeezed by lower oil margins

By Brian Robins
Updated May 5 2016 - 10:53am, first published 9:32am
With the closure of its Kurnell refinery, Caltex is now focused on expanding its convenience store footprint at its service stations. Photo: Sasha Woolley
With the closure of its Kurnell refinery, Caltex is now focused on expanding its convenience store footprint at its service stations. Photo: Sasha Woolley

Higher sales volumes failed to offset a decline in refiner margins at oil refiner and distributor Caltex, resulting in a steep fall in March-quarter earnings.

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