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Hi,
Back when GM was in trouble they actually made millions of cars a year selling for tens of billions of dollars and still made a loss. How you can make a loss on a 30,000 USD car is beyond me but they managed it. Similarly Coles manages a few cents per dollar averaged over all products on what they sell in the supermarkets.
So it's not too farfetched to imagine that companies refining the oil in OZ with OZ wages and taxes may not in fact make any money at all on the fuel they sell in Australia.
Paul
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