Australia Guarantees Fuel Imports Amid West Asia Conflict Concerns
Summary
Australia will guarantee fuel imports through government measures to secure supply amid West Asia conflict concerns and rising fuel prices.
Key Points
- Australia will guarantee fuel imports under new fuel security measures amid the West Asia conflict.
- A new bill will be presented in federal parliament to allow government guarantees via the Export Credit Agency.
- The government support aims to reduce financial risk for importers securing additional fuel supply.
- National stockpiles currently hold 39 days of petrol, 30 days of diesel, and 30 days of jet fuel supply.
