Australia Buys 100m Litres of Diesel in Bid to Boost Supply Amid Iran War Oil Crisis
The deal uses new federal fuel powers to underwrite shipments from Brunei and South Korea as supply worries deepen after a refinery fire.
- On Thursday, Australian Prime Minister Anthony Albanese announced the government secured 100 million litres of diesel from Brunei and South Korea to bolster national fuel security amid global supply shocks.
- The Middle East conflict has choked the Strait of Hormuz, causing unprecedented energy supply shocks and prompting Australia to leverage regional trade partnerships to ensure essential fuel flows.
- Separately, a fire broke out Wednesday night at the Viva Energy refinery in Geelong, Victoria, forcing reduced production rates at the facility that supplies 10 per cent of Australia's fuel.
- Albanese and Malaysian Prime Minister Anwar Ibrahim agreed to a 'no surprises' policy on energy trade during talks in Kuala Lumpur, ensuring continued stable flows of critical fuel supplies between nations.
- Australia holds roughly 38 days of petrol in reserve, significantly below the 90-day minimum dictated by the International Energy Agency, heightening urgency for these import agreements.
15 Articles
15 Articles
Australian Government Deploys ‘Strategic Reserve’ Power to Secure 100 Million Litres of Diesel
The federal government has used “strategic reserve powers” to secure 100 million litres of diesel fuel in two shipments, from Brunei and South Korea, by partly subsidising the purchase. This is the first time those powers have been invoked during the present fuel crisis. Around 90 percent of the country’s fuel is imported. They are granted by the 1984 Liquid Fuel Emergency Act and allow the government of the day to direct companies to supply fue…
Evening News Bulletin 16 April 2026 | Australia Secures Additional Diesel Supplies
Australia secures 100 million litres of additional diesel imports; Richard Marles announces a $14 billion increase in defence spending; Shepparton is set to host two rounds of the BMX Racing World Cup.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium










