Government announces release of reserve fuel to combat shortages | ABC NEWS
Автор: ABC News (Australia)
Загружено: 2026-03-12
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Energy Minister Chris Bowen has announced the federal government will be adjusting the minimum stockholding obligation (MSO), which will allow more oil to reach the market.
The minister says the conflict in the Middle East presents ongoing risks to the global supply of fuel and diesel.
He says the government will reduce the MSO for diesel from 2.7 billion litres to 2.2 billion litres, and for petrol from 1 billion litres to 700 million litres.
Mr Bowen says the decision follows the International Energy Agency's request to release reserve fuel.
"This will enable the fuel companies to more flexibly manage their supply chain. This fuel will not be released immediately," he says.
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