Fuel is expected to begin flowing from Australia\u2019s emergency stockpiles imminently in response to the war in the Middle East, as state and territory officials prepare for crisis talks on the issue.<\/p>\n
An agreement to release extra petrol and diesel to regional areas suffering critical shortages was reached between Energy Minister Chris Bowen and Australia\u2019s fuel companies on Wednesday, AAP has learned.<\/p>\n
The deal was discussed at a roundtable convened by Transport Minister Catherine King, two sources familiar with the meeting said, but it is yet to be formally announced by the government.<\/p>\n
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By continuing you agree to our Terms<\/a> and Privacy Policy<\/a>.<\/p>\n It comes ahead of a national cabinet meeting on Thursday between the prime minister and state premiers to discuss major price shocks and shortages driven by the war between the US, Israel and Iran.<\/p>\n State leaders are demanding faster action on the crisis and a long-term plan from the Commonwealth to deal with fuel shortages, if the conflict isn\u2019t resolved quickly.<\/p>\n National cabinet plans to appoint a fuel tsar to help lead the nation\u2019s response, Prime Minister Anthony Albanese revealed on Wednesday.<\/p>\n \u201cI\u2019ll be asking state premiers and chief ministers to appoint someone, a point person, so that the Commonwealth can collaborate in a way to make sure we deal with the challenges that are there,\u201d he told reporters in Burnie, Tasmania.<\/p>\n NSW Premier Chris Minns said the gathering was an opportunity to deal with the challenges around fuel supply, particularly the availability of diesel.<\/p>\n \u201cWe\u2019re keen to see a national plan that sets out a clear escalation pathway, including what further actions may be taken if the conflict continues and conditions worsen,\u201d he said in a statement.<\/p>\n On top of allowing fuel companies to release a week\u2019s worth of petrol and diesel from their emergency stockpiles, the government has eased quality standards to allow more fuel into the market.<\/p>\n But it has kept its cards close to its chest when asked about further potential measures.<\/p>\n Treasurer Jim Chalmers flagged more announcements in the coming days, but provided little detail.<\/p>\n \u201cWe are preparing for the risk of more prolonged disruption, including through work with international partners, to help insulate more fuel-exposed industries like farming, transport and mining,\u201d he told ABC TV on Wednesday.<\/p>\n Western Australian Premier Roger Cook said he\u2019d use the meeting to raise concerns about the length of time taken to release fuel from the nation\u2019s strategic reserves.<\/p>\n \u201cThe last thing we need is some bureaucrat in Canberra sitting on their hands, taking their time to consider what is a national challenge,\u201d he told reporters on Wednesday.<\/p>\n The Australian Trucking Association has called for disaster funding to be provided to transport companies which are dealing with the rising cost of diesel, and a reduction in the road user charge.<\/p>\n Logistics companies have warned they\u2019re under significant pressure from fuel price rises, which will likely be passed on to shoppers.<\/p>\n","protected":false},"excerpt":{"rendered":"Fuel is expected to begin flowing from Australia\u2019s emergency stockpiles imminently in response to the war in the…\n","protected":false},"author":2,"featured_media":549076,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,12241,44,84,1720],"class_list":["post-549075","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-middle-east","tag-news","tag-politics","tag-world"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/549075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=549075"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/549075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/549076"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=549075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=549075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=549075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}