BP terminates Velocity Agreement effective 30 June 2017 - Velocity sues

[Cool Cat Phil]

Well done to the ACCC for identifying the detrimental Competition issues with regards to BP.

Back to the drawing board for Woolies, I suspect they will continue trading the petrol sites for the foreseeable future at the very least, as it’s unlikely no other large player will receive ACCC clearance.

 

[Deleted member 29185]

My +1 just received this yesterday ... 0nly drama is, our local BPS are more expensive servos. Velocity never seem to send these to me.

 

[docjames]

My +1 just received this yesterday ... 0nly drama is, our local BPS are more expensive servos. Velocity never seem to send these to me.

View attachment 112550

Got same offer yesterday. Used already!

 

[Lord_Lenny]

My +1 just received this yesterday ... 0nly drama is, our local BPS are more expensive servos. Velocity never seem to send these to me.

View attachment 112550

Damn, I could have used that the other day!!

 

[docjames]

BP forecourt was flooded with cars.

Apparently their central pricing had frozen and so their ULP was stuck at 127.9 when all the others in the area were over 149.9!

 

[burmans]

And the court ruled the BP/Velocity tie was terminated by BP...

And yet despite this we still keep getting offers!

 

[burmans]

Looking back at this thread, was this all a storm in a teacup, relationship seems to be going strong!

 

[CPMaverick]

Looking back at this thread, was this all a storm in a teacup, relationship seems to be going strong!

It just goes to show you CAN sue your way back into a relationship!

 

[woodborer]

Looking back at this thread, was this all a storm in a teacup, relationship seems to be going strong!

It just goes to show you CAN sue your way back into a relationship!

Largely because BP was blocked from buying out Woolworths Caltex. And if that had happened, we'd be earning Woolworths points at BP

 

[Cool Cat Phil]

Largely because BP was blocked from buying out Woolworths Caltex. And if that had happened, we'd be earning Woolworths points at BP

Correct!

Every few years ( usually 3), the agreements between the loyalty program ( in this case Velocity) and partner ( BP) is up for renewal.

Changes to earn rates and partners will no doubt change in due course.

You only need to look at the “On, Off, On again “ agreement that Woolworths made with Qantas in terms of their loyalty proposition.