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| Down Under |
| No worries mate - Australia has 38 days of fuel in hand |
| 2026-03-25 |
| [9news] As the Middle East conflict continues to drift into unchartered territory, fuel fears continue to escalate and prices are skyrocketing around the world. Prices are reaching close to $3 a litre for petrol and diesel in parts of the country, and some petrol stations in both cities and rural towns are running out altogether. The government has insisted there is no issue of fuel supply, but how much fuel is actually left in Australia? HOW MUCH FUEL DOES AUSTRALIA HAVE LEFT? It is difficult to come up with an exact figure of fuel that Australia can use, but energy minister Chris Bowen gave a hint in an interview yesterday. "Supply of petrol has gone up a little bit, [we have] 38 days worth of supply," he said on ABC's Insiders. "Diesel and jet fuel [are] both at 30 days, which is pretty flat and that indicates that while we've released more from the strategic reserve, the ships continue to arrive in good numbers. Bowen said the figures were updated just a day before, and he insisted Australia's refineries were working at full capacity and only focused on getting fuel to Australian suppliers, not foreign exports. This has remained steady at levels seen at the start of the conflict earlier this month. WHERE DOES AUSTRALIA GET ITS PETROL FROM? Australia gets most of its oil from overseas; in fact, just 10 per cent comes locally. That said, almost none of it comes from the Middle East region; instead, Australia gets much of its oil from Asian countries. While you may think this means Australia shouldn't be hit hard by a conflict in the Middle East, think again. South Korea and Singapore are the biggest suppliers of Australia's oil, with Malaysia, India, Taiwan and China also contributing highly. However, these countries get most of their oil from the Persian Gulf region, including Saudi Arabia, Iraq, the UAE, Qatar and Oman. All of these countries have not only been impacted by Iranian strikes, but are also unable to get ships through the Strait of Hormuz due to Iran's blocking of it. |
| Posted by:Clem+Elmish4239 |