In brief
Australia’s diesel stocks climbed to 34 days of consumption, up from 31 a week earlier, as the government locks in 3.1 billion liters of fuel and coordinates with refineries and trading partners. Climate Change and Energy Minister Chris Bowen said supplies remain "solid and secure" despite recent fires in the Strait of Hormuz that threatened global supply chains.
Australia’s diesel stocks have risen to the equivalent of 34 days of consumption, a three‑day jump from the previous week, according to Climate Change and Energy Minister Chris Bowen. The increase comes as the country secures new deliveries amid uncertain global fuel supply chains.
Bowen said 43 ships are currently en route to Australia, and the government has secured 3.1 billion liters of fuel for the next four weeks, 100 million liters more than the prior week’s update. Aviation fuel stocks stand at 29 days, up one day. 76 petrol stations report clearer supplies, and government warehouses now hold 2GB beyond previous levels.
"Australia’s fuel supply remains solid and secure," Bowen said in a press conference. He added that the country is working with domestic refineries to keep production steady and is in talks with partners in Southeast Asia and the Middle East to secure supplies.
Global supply concerns were heightened by recent incidents in the Strait of Hormuz, where four oil tankers caught fire and exploded within 24 hours. The event underscores the strategic importance of that waterway and the region’s impact on international fuel flow.
By securing shipments and boosting inventory, the Australian government aims to cushion the domestic market against potential disruptions. The additional stockpile gives the country a greater buffer for consumers and businesses relying on diesel and aviation fuel.