BP snaps up Woolworths servos for $1.8 billion

By Brian Robins
Updated December 28 2016 - 6:08pm, first published 5:19pm
Woolworths will sell its petrol station portfolio to BP in a $1.8 billion deal that will help the retail giant fund its ongoing fight to regain market share in the grocery sector. Photo: Glen Hunt
Woolworths will sell its petrol station portfolio to BP in a $1.8 billion deal that will help the retail giant fund its ongoing fight to regain market share in the grocery sector. Photo: Glen Hunt

A new brawl over the level of competition within the multibillion-dollar petrol industry is set to be triggered in the wake of British oil major BP outlaying $1.8 billion to buy Woolworths' petrol stations, which will see it emerge as the market leader nationwide.

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