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Australia’s Fuel Reserves Hit Record High | Australia News

Australia’s Fuel Reserves Hit Record High | Australia News

Published 1 week, 1 day ago
Description

Australia’s fuel reserves hit a record high as 3.2 billion liters arrive in the next four weeks, boosting total stock to 6.5 billion liters — the highest since tracking began. Prime Minister Albanese unveiled the National Fuel Security Plan, which includes tax cuts, expanded shipping capacity, and relaxed fuel standards, while 91 ships docked in June and 47 this month. Though reserves now offer 46 days of petrol, 39 of diesel, and 34 of jet fuel, the PM urges caution amid ongoing US-Iran tensions and volatile oil prices, reminding Australians to only take what they need.

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