🇦🇺Australia

Pricing Errors in TGP Management

3 verified sources

Definition

Manual handling of daily price files for rack pricing can cause deviations from TGP, leading to revenue leakage through underpricing or disputes with customers.

Key Findings

  • Financial Impact: 0.7 cents per litre average deviation from TGP[1][2][4]
  • Frequency: Daily pricing cycles
  • Root Cause: Manual updates to daily price files without automation

Why This Matters

The Pitch: Wholesale Petroleum players in Australia 🇦🇺 lose 0.7 cpl on average due to TGP deviations. Automation of rack pricing and daily files eliminates pricing discrepancies.

Affected Stakeholders

Pricing Managers, Wholesale Traders, Terminal Operators

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Manual Price File Delays

2-4 hours per day per terminal on manual pricing (industry standard for daily TGP processes)

TGP Non-Publication Fines

AUD 10,000+ per breach (typical ACCC infringement notice for pricing transparency violations)

Verzögerter Zahlungseingang durch lange Zahlungsziele und Disputmanagement

Logic estimate: For a petroleum wholesaler with AUD 100m annual revenue, 15 extra DSO days due to manual AR processes ties up ~AUD 4.1m in additional working capital, causing ~AUD 330k–410k per year in interest cost at 8–10% overdraft rates.

Unerfasste oder fehlerhafte Forderungen bei komplexer Preisgestaltung und Joint‑Venture‑Abrechnung

Logic estimate: 0.5–1.5% revenue leakage from missed or incorrect billing in complex JV and wholesale contracts; for AUD 100m in annual sales, this is AUD 0.5m–1.5m per year of lost revenue.

Mehrkosten und Bußgelder durch fehlerhafte GST‑Fakturierung und verspätete BAS‑Meldungen

Logic estimate: For a wholesaler with quarterly taxable supplies of AUD 10m, a 1% GST misstatement (AUD 100k error) can trigger ATO penalties of AUD 25k–75k plus AUD 5k–10k in interest, alongside internal rework of 40–80 staff hours per investigation.

Bad Credit Decisions from Manual Evaluation

AUD 50,000-500,000 per bond call on customer default (typical bond covers 3-6 months fuel supply value)[1][4][5]

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