Embattled retailer in petrol discounting scheme

Speculation is mounting that embattled retailing giant Coles Myer is to announce a petrol discounting scheme for its supermarket customers to neutralise the competitive advantage enjoyed by rival Woolworths.

It is understood that Coles Myer will reveal a partnership with Shell for discounted petrol at about 100 sites around Australia.

Under the scheme, Bi-Lo and Coles customers would receive discounts of about 2c a litre from co-operating Shell outlets.

A Coles Myer spokesman did not deny newspaper reports about the plan yesterday and hinted that the company would announce the details of the arrangement before Christmas.