Revised Fuel Subsidy Mechanism Positive for Ampol, Viva Energy -- Market Talk

Dow Jones03-23

2121 GMT - Jefferies's price targets on Ampol and Viva Energy rise after Australia's government resets the Fuel Security Services Payment. Payment now starts at A$0.10 per liter, equivalent to around US$11.10 a barrel. That's higher than 6.4 Australian cents per liter, or US$7.22 per barrel, on offer before. Analyst Michael Simotas says the change is positive but probably won't be needed, given a very strong refining backdrop. "More important, it reinforces crucial importance of Australia's last two refineries to fuel security and positions Viva and Ampol well to negotiate favorable long-term solution," Jefferies says. It sees a path to something like a regulated return on refinery capital, which would be positive for valuations. Jefferies's price target for Ampol rises 14% to A$36.50/share, and lifts 16% to A$2.20/share for Viva. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 22, 2026 17:21 ET (21:21 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2621741632?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-23 05:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2621741632","market":"sg","top_or_hot":-1,"title":"Revised Fuel Subsidy Mechanism Positive for Ampol, Viva Energy -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2121 GMT - Jefferies's price targets on Ampol and <a href=\"https://laohu8.com/S/VEA.AU\">Viva Energy</a> rise after Australia's government resets the Fuel Security Services Payment. Payment now starts at A$0.10 per liter, equivalent to around US$11.10 a barrel. That's higher than 6.4 Australian cents per liter, or US$7.22 per barrel, on offer before. Analyst Michael Simotas says the change is positive but probably won't be needed, given a very strong refining backdrop. \"More important, it reinforces crucial importance of Australia's last two refineries to fuel security and positions Viva and Ampol well to negotiate favorable long-term solution,\" Jefferies says. It sees a path to something like a regulated return on refinery capital, which would be positive for valuations. Jefferies's price target for Ampol rises 14% to A$36.50/share, and lifts 16% to A$2.20/share for Viva. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 22, 2026 17:21 ET (21:21 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Revised Fuel Subsidy Mechanism Positive for Ampol, Viva Energy -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRevised Fuel Subsidy Mechanism Positive for Ampol, Viva Energy -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-23 05:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2121 GMT - Jefferies's price targets on Ampol and <a href=\"https://laohu8.com/S/VEA.AU\">Viva Energy</a> rise after Australia's government resets the Fuel Security Services Payment. Payment now starts at A$0.10 per liter, equivalent to around US$11.10 a barrel. That's higher than 6.4 Australian cents per liter, or US$7.22 per barrel, on offer before. Analyst Michael Simotas says the change is positive but probably won't be needed, given a very strong refining backdrop. \"More important, it reinforces crucial importance of Australia's last two refineries to fuel security and positions Viva and Ampol well to negotiate favorable long-term solution,\" Jefferies says. It sees a path to something like a regulated return on refinery capital, which would be positive for valuations. Jefferies's price target for Ampol rises 14% to A$36.50/share, and lifts 16% to A$2.20/share for Viva. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 22, 2026 17:21 ET (21:21 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7065","symbol_name":"石油与天然气的炼制和营销","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621741632","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621741632","pubTimestamp":1774214460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2121 GMT - Jefferies's price targets on Ampol and Viva Energy rise after Australia's government resets the Fuel Security Services Payment. Payment now starts at A$0.10 per liter, equivalent to around US$11.10 a barrel. That's higher than 6.4 Australian cents per liter, or US$7.22 per barrel, on offer before. Analyst Michael Simotas says the change is positive but probably won't be needed, given a very strong refining backdrop. \"More important, it reinforces crucial importance of Australia's last two refineries to fuel security and positions Viva and Ampol well to negotiate favorable long-term solution,\" Jefferies says. It sees a path to something like a regulated return on refinery capital, which would be positive for valuations. Jefferies's price target for Ampol rises 14% to A$36.50/share, and lifts 16% to A$2.20/share for Viva. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7065":"石油与天然气的炼制和营销","VEA.AU":"VIVA ENERGY GROUP LTD","ALD.AU":"AMPOL LTD"},"translate_title":"修订后的燃料补贴机制对Ampol和Viva Energy有利——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEA.AU":0.9,"ALD.AU":0.9},"content_text":"2121 GMT - Jefferies's price targets on Ampol and Viva Energy rise after Australia's government resets the Fuel Security Services Payment. Payment now starts at A$0.10 per liter, equivalent to around US$11.10 a barrel. That's higher than 6.4 Australian cents per liter, or US$7.22 per barrel, on offer before. Analyst Michael Simotas says the change is positive but probably won't be needed, given a very strong refining backdrop. \"More important, it reinforces crucial importance of Australia's last two refineries to fuel security and positions Viva and Ampol well to negotiate favorable long-term solution,\" Jefferies says. It sees a path to something like a regulated return on refinery capital, which would be positive for valuations. Jefferies's price target for Ampol rises 14% to A$36.50/share, and lifts 16% to A$2.20/share for Viva. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 22, 2026 17:21 ET (21:21 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2621741632","isCrawlerRequest":true}