Ampol has released its trading update for the third quarter of 2023.

The company reported a 65% increase in unaudited Group Replacement Cost Operating Profit (RCOP) EBIT, reaching $438.2 million compared to the same period last year.

Total fuel sales volume for the group increased by 26%, with Australian fuel sales volume growing by 11%.

The Lytton Refiner Margin (LRM) remained above long-term averages at US$19.69 per barrel.

Convenience retail fuel sales volume decreased by 6.0% on a like-for-like basis compared to the third quarter of the previous year.

Z Energy also experienced an 8.5% increase in fuel sales volume.

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