In brief
Australia’s diesel inventories hit 34 days of consumption, up from 31 days a week earlier, after the government secured additional shipments and reinforced refinery output. Climate Change and Energy Minister Chris Bowen confirmed the figures, noting 43 fuel‑ferrying ships en route and a total of 3.1 billion litres of fuel to be delivered over the next month. Aviation fuel stocks rose to 29 days. Global supply worries, including recent incidents in the Strait of Hormuz, were highlighted as continuing uncertainties.
Australia’s diesel stocks have risen to the equivalent of 34 days of consumption, a three‑day increase over the previous week, amid global fuel supply uncertainties. The figure was confirmed by Climate Change and Energy Minister Chris Bowen at a press conference on Saturday.
Bowen said 43 ships were currently on their way to Australia and that the government had secured 3.1 billion litres of fuel for delivery over the next four weeks, 100 million litres more than in the earlier update.
He added that Australia’s fuel supply remained “solid and secure” despite continued uncertainty in global supply chains, including disruptions in the Strait of Hormuz over the past 24 hours.
Bowen noted the government was working with domestic refineries to maintain production and with trading partners in Southeast Asia, the Middle East and elsewhere to secure supplies.
Aviation fuel stocks also rose, standing at 29 days of consumption, up one day from the previous week.