‘Run for PM’: Billionaire jumps into fuel crisis with cut-price servo plan
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Australian billionaire Adrian Portelli is launching a cut-price petrol station chain, LMCT+, in response to the country's fuel crisis. The first station is now open, with plans to roll out up to 50 more sites across Australia.
Australian billionaire Adrian Portelli has entered the fuel market with a cut-price petrol station chain, LMCT+. The first station is now open, offering discounted fuel to members. Portelli's move comes as Australia grapples with fuel supply pressures and surging prices. The Melbourne entrepreneur plans to roll out up to 50 more sites across the country. LMCT+ stations will offer fuel at prices as low as $1.79 to $1.99 for members, significantly lower than current prices. Portelli's decision to invest in the fuel market is seen as a response to the government's handling of the fuel crisis.
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