Liverpool. Costco seeks to sell petrol

US retailer, Costco, is seeking to break into Australia's $15 billion-plus discount petrol business, currently dominated by Woolworths and Coles, by selling its own heavily reduced fuel at prices below those offered via popular supermarket shopper-docket schemes, according to The Sydney Morning Herald. The company has lodged a DA with Liverpool City Council to construct a wholesale and retail warehouse as well as a service station at the Crossroads on Beech Road, Casula. The development is estimated, to cost almost $40 million. Costco plans eventually to open as many as 20 outlets in Australia, according to Petrol Plaza magazine.