Solo Oil Explained

Industry:Petroleum
Foundation:1974
Founder:David Golberger
David Wieland
Defunct:1989
Location City:Melbourne
Location Country:Australia
Num Locations:200+
Num Locations Year:1989

Solo Oil was an Australian petroleum distributor that operated from 1974 until 1989 when taken over by Ampol.

History

Solo Oil was founded in 1974 by David Goldberger and David Wieland.[1] [2] Goldberg negotiated an agreement with Mobil Australia, for the supply of petroleum at a fixed rate, following the increase in world fuel prices, this discount increased from six cents to 12.5 cents per gallon.[3] In July 1975, it joined forces with the Australian Council of Trade Unions to sell discounted fuel to independent operators in Melbourne.[4] [5] [6] In April 1977 it commenced operations in Sydney.[7] In 1989 the business was sold to Ampol by which time it was the largest independent fuel retailer and distributor with over 200 service stations.[8] [9] Goldberger and Wieland were subject to a ten year non-compete clause however this was ruled void by the Trade Practices Commission after Ampol merged with Caltex, allowing them to establish Liberty Oil in 1995.[1]

Notes and References

  1. Web site: Oil twins head back into the big league. Australian Financial Review. 11 November 1996. https://web.archive.org/web/20221002081243/https://www.afr.com/companies/oil-twins-head-back-into-the-big-league-19961111-kb0b3. 2 October 2022. live.
  2. Petrol Discounters prepare for War . The Bulletin. 17 May 1975 . John Haynes and J.F. Archibald . 097 . 4957 . 61 . 0007-4039.
  3. News: ACTU-Solo case shows up oil super-profits . Tribune. 1922 . New South Wales, Australia . 8 October 1975 . 14 October 2022 . 7 . National Library of Australia.
  4. https://trove.nla.gov.au/newspaper/article/110648597 ACTU to sell petrol at 16c discount
  5. https://news.google.com/newspapers?nid=MDQ-9Oe3GGUC&dat=19750723&printsec=frontpage&hl=en The good oil - at 16 cents off
  6. Web site: About Us. Liberty Oil Convenience. 14 October 2022. https://web.archive.org/web/20211020154242/https://www.libertyconvenience.com.au/about-us/. 20 October 2021. live.
  7. https://news.google.com/newspapers?nid=lL5f5cZgq8MC&dat=19770331 Going it Solo
  8. Web site: Our History. Ampol. https://web.archive.org/web/20220303041646/https://www.ampol.com.au/about-ampol/who-we-are/our-history. 3 March 2022. live.
  9. Web site: Liberty's Davids to do a deal with Goliath. Australian Financial Review. 20 July 2001. https://web.archive.org/web/20221002080243/https://www.afr.com/companies/libertys-davids-do-a-deal-with-goliath-20010720-ka45z. 2 October 2022. live.