Episode Details

Australias government is tapping into industry-held fuel stocks to alleviate shortages caused by the Middle East conflict. Despite misconceptions, the country has no government-owned strategic reserve in the U.S. Instead, fuel importers and refiners must maintain minimum supplies equal to weeks of demand. The government has approved releasing up to 213 million liters of petrol and 548 million liters of diesel from Brisbane and Geelong refineries. The extra fuel could be available as soon as Tuesday, with plans to improve long-term storage and shift to electric transport for future resilience.

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