Caltex's new acquisition could lead to more Gull pumps in NZMAARTEN HOLL/STUFF AA senior policy analyst Mark Stockdale says increased fuel access for Caltex Australia means Gull could potentially expand its New Zealand operations. Caltex Australia bought 20 per cent of independent Philippines fuel retailer SEAOIL in December in a move to grow into new markets. SIMON O'CONNOR/STUFF.CO.NZ Caltex Australia bought Gull for $340 million in 2016. READ MORE:* Gull NZ says lack of petrol terminal access blocks it from lowering South Island prices* AA: Caltex Australia could expand Gull and bring petrol prices down* How does Gull, a minnow among fuel giants, cut prices across the board?​Caltex Australia bought Gull for $340 million in 2016. Retailers have been able to reduce fuel prices because of reduced overheads.

Source: Stuff January 07, 2018 23:15 UTC