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AAP
AAP
Business
Marion Rae

Servo chain Ampol slashes dividend, fuel volumes fall

Ampol says its profit was a significant achievement in an environment of tough economic conditions. (Dan Himbrechts/AAP PHOTOS)

Service station chain and refiner Ampol has slashed its dividend by more than a third as drivers try to cut their fuel bills to curb cost of living pressures.

The petroleum company on Monday reported a net profit of $235.2 million for the six months to June 30, up from $79.1 million a year earlier, on sales volume of 13.25 billion litres.

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