Strong demand for premium fuel products at Caltex Australia's 800-plus service stations and a sharp drop in expenses has helped the fuel retailer produce a record annual profit. Motorists have been buying more premium fuel products, including Vortex diesel, following big slides in pump prices that have been driven by lower oil prices. "The increase penetration of premium Vortex products has been driven by our continued investment in growth, particularly in our retail service station network, which includes not only new sites to Caltex and new sites in the industry but the refurbishment of existing service stations and our increased marketing spend," he said.
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