financetom
Business
financetom
/
Business
/
Australia fuel supply strong, no plans to ration, energy minister says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Australia fuel supply strong, no plans to ration, energy minister says
Mar 21, 2026 5:40 PM

SYDNEY, March 22 (Reuters) - Australia's fuel supply

remains strong and there are no immediate plans to ration fuel

to manage the impact of the Iran war on the nation's supply

chain, Energy Minister Chris Bowen said on Sunday.

Australia, which imports about 90% of its fuel, has

experienced localised shortages as the escalating U.S.-Israeli

war disrupts supply.

The nation has 38 days' worth of petrol and 30 days of

diesel and jet fuel, Bowen said in televised remarks, citing

data from Saturday. Supply remains strong despite the

cancellation of six fuel shipments from Asia, he said.

"While we are dealing with an uncertainty, we still have two

refineries working full pelt. It would be better if we had more,

sure, but we do have two, and we also have the boats continuing

to arrive," he said.

Asked about whether the centre-left government would

consider using emergency powers to ration fuel, Bowen said,

"We're a long way from that".

Prime Minister Anthony Albanese again urged Australians not

to panic-buy fuel amid shortages in some rural areas.

"People need to engage responsibly, and I'm sure that

overwhelmingly that's what Australians will do," Albanese said,

according to an official transcript.

Albanese said last week his government would roll out

additional measures to safeguard fuel supply, appointing Anthea

Harris, the former boss of the Australian Energy Regulator, as

head of a national fuel supply task force to tackle shortages

and improve the domestic fuel supply chain.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved