COLES has spiked a 40c-per-litre petrol discount offer after the competition watchdog said it might reduce competition in the retail petrol industry.
Coles Express had been planning to offer the discounts of 40c-per-litre to customers who purchased more than $300 at Coles between today and October 29.
Read more about discount petrol and Coles at news.com.au.
CHANGES today could mean cheaper grocery prices with Coles and Woolworths banned from restricting competition in shopping centres.
The breakthrough, brokered by the competition watchdog, means that the Coles and Woolworths will no longer be able to demand that shopping centres not lease out space to competitors.
The deal means that the big two supermarket chains will begin to lose the monopoly positions they enjoy in many shopping centres, said Professor Michael Beverland, a lecturer in marketing from RMIT University.
Read more about supermarkets and shopping centres at news.com.au.
