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Aussies Reassured over Fuel
Energy Minister Chris Bowen said 3.7 billion litres are on the way as the number of stations without diesel falls.
- On Monday, Energy Minister Chris Bowen announced Australia has secured fuel shipments 'well into' May, extending supply security beyond the previous mid-April deadline.
- War in the Middle East has effectively blockaded the Strait of Hormuz, disrupting global supply chains and prompting President Donald Trump to threaten Iran to open the critical shipping lane.
- Latest data shows 274 service stations currently lack diesel, down from more than 400 on Good Friday, while 53 ships carrying 3.7 billion litres of fuel approach from Asia, the United States and Mexico.
- Officials confirmed 'We continue to see no ships cancelled that have been ordered for Australia,' with contracted fuel legally locked in and belonging to Australian companies that purchased it.
- University of Sydney associate economics professor David Ubilava warned 'The market disruption and the war has dragged on long enough that its effects will be felt for months to come,' with crude oil near $US110 per barrel unlikely to return to pre-war $US70 levels.
14 Articles
14 Articles
Sydney Morning Herald
Brisbane TimesAussies reassured over fuel
The government is insisting Australia has fuel supplies locked in until May.
Australia's fuel shipments secured 'well into' May, energy minister says
Australia's fuel shipments have been secured for 'well into' May, the nation's energy minister says.However he called for the critical Middle Eastern shipping lane to be opened as the ongoing anguish over supplies continues.Energy Minister Chris Bowen said supplies of fuel actually increased over Easter, despite Aussies likely travelling more.LIVE UPDATES: 'A test': Trump drops massive NATO bombshell "The government will keep working with indus…
Australia has secured its fuel supplies "well into" May and shortages at petrol stations across the country are decreasing again. Energy Minister Chris Bowen said this during a press conference on Monday.
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