Western Australia has secured an additional eight million litres of diesel for the state\u2019s stockpile, strengthening its fuel security.<\/p>\n
The deal, made possible through a commercial partnership with mining giant Rio Tinto and fuel supplier Viva Energy, brings the total state-owned reserve to 12 million litres.<\/p>\n
The move is part of the government\u2019s seven-point plan to shield Western Australians from global fuel shocks and supply chain disruptions linked to the ongoing conflict in the Middle East.<\/p>\n
The stockpile is designed to be a lifeline for regional communities and the agricultural sector. Unlike standard commercial reserves, this state-owned fuel can be directed immediately to areas of acute need, including to regional communities and to agriculture sectors in the Wheatbelt and Great Southern.<\/p>\n
The diesel will be stored in Wyndham, Esperance, and Kwinana, ensuring it is accessible to both the state\u2019s northern and southern regions.<\/p>\n
Energy and Decarbonisation Minister Amber-Jade Sanderson noted that WA\u2019s vast terrain necessitates a localised approach.<\/p>\n
\u201cWestern Australia is different to other states. We have a vast terrain and a number of priority areas and industries that need access quickly and efficiently to diesel.<\/p>\n
\u201cThis strategic stockpile will be a lifeline for areas of acute need such as our regional communities and our farmers.\u201d<\/p>\n
The acquisition is expected to be net debt neutral, as the state government will purchase the fuel and subsequently sell it to essential industry and regional sectors as required.<\/p>\n
Premier Roger Cook thanked Rio Tinto for offering the fuel to the government.<\/p>\n
Rio Tinto Iron Ore CEO Matthew Holcz acknowledged the pressure on the state, noting the company was eager to help ease the burden on local communities and farmers during a tough situation.<\/p>\n
The government maintains that WA is now better positioned than any other Australian jurisdiction to handle fuel volatility. The fuel volumes held by local suppliers remain higher than pre-conflict levels, while Perth recently recorded the lowest average fuel prices in the country.<\/p>\n
The establishment and expansion of a WA government diesel stockpile is about ensuring the continuity of government services and industry, should international supply chains weaken.<\/p>\n
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