Petro giant warns tax would cause gas price hike
Aug 19th, 2008 | By David Harper | Category: AustraliaWoodside Petroleum’s Chief Financial Officer Mark Chatterji said today that the oil and gas giant cannot simply absorb the cost of the Rudd Government’s proposed $2.5 billion new tax on condensate. “In order to stay competitive, businesses seek to pass cost increases on to their customers,” he said in a statement.