Warning: Major bill for petrol \u2018panic\u2019 buyers<\/a><\/p>\n\u201cI think people would already be looking at their options to minimise their fuel use. At the moment, for other people, it\u2019s a lot harder. So I don\u2019t think a one-size-fits-all approach is necessary,\u201d Mr Bowen said.<\/p>\n
Mr Bowen confirmed that overall fuel supply remains strong, with petrol stocks at 38 days and diesel and jet fuel at 30 days. <\/p>\n
\u201cThat indicates that while we\u2019ve released more from the strategic reserve, the ships continue to arrive in good numbers, and both our refineries are working at absolute fuel pelt, and they\u2019re both entirely dedicated to Australian suppliers, not exports,\u201d he said.<\/p>\n
He acknowledged distribution challenges, especially in regional areas. <\/p>\n
\u201cThe regional areas are where the supply chain is the hardest to manage. It takes longer to get from Geelong and Brisbane to the various regional areas,\u201d Mr Bowen said.<\/p>\n
Fuel rationing only considered under extreme circumstances, says Mr Bowen<\/p>\n
Mr Bowen said fuel rationing is not expected in the short term.<\/p>\n
\u201cThe National Fuel Emergency Act of 1984 has never been invoked \u2014 not through the first two Gulf Wars or Covid,\u201d he said.<\/p>\n
\u201cIt\u2019s not designed to be invoked lightly. It primarily has powers related to defence and health, in the first instance, to ensure that those key areas are getting the diesel that they need, but also other forms of fuel.\u201d<\/p>\n
He explained that any decision to trigger the act would require strong advice. <\/p>\n
\u201cI wouldn\u2019t exercise those quite remarkable powers unless I had pretty strong advice that it was necessary in the circumstances,\u201d Mr Bowen said.<\/p>\n
Mr Bowen said that invoking the act would also involve consultation with states and territories. <\/p>\n
\u201cObviously, it\u2019s something I would work through with the states. I\u2019m not envisaging needing that.\u201d<\/p>\n
Petrol stockpiles<\/p>\n
Mr Bowen confirmed that overall supply is sufficient, with petrol stocks at 38 days and diesel and jet fuel at 30 days.<\/p>\n
\u201cThat indicates that while we\u2019ve released more from the strategic reserve, the ships continue to arrive in good numbers, and both our refineries are working at absolute fuel pelt, and they\u2019re both entirely dedicated to Australian suppliers, not exports,\u201d he said.<\/p>\n
He said the government is aware of a small number of cancelled shipments, primarily from Asian suppliers, but importers and refiners have already sourced replacements from Malaysia, the United States, and Mexico.<\/p>\n","protected":false},"excerpt":{"rendered":"Australians are being urged to work from home where possible to ease demand for fuel as the government…\n","protected":false},"author":2,"featured_media":488851,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[173035,8421,1487,428,7614,173032,8032,84,19705,19460,173038,1294,173040,171047,172583,173037,168587,173034,101044,173039,173030,8626,1735,4051,19889,7618,170635,173029,173033,173036,5017,21849,173031,34712,167552,11995,173041,56,54,5336,55],"class_list":["post-488850","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-absolute-fuel-pelt","tag-america","tag-asia","tag-australia","tag-australia-and-new-zealand","tag-australian-suppliers","tag-brisbane","tag-business","tag-central-america","tag-chris-bowen","tag-distribution-challenges","tag-economy","tag-energy-sector-watchdog","tag-fuel-rationing","tag-fuel-supply","tag-global-fuel-crisis","tag-global-oil-supply","tag-home-suggestions","tag-jet-fuel","tag-jet-fuel-supplies","tag-john-appleyard","tag-malaysia","tag-mexico","tag-north-america","tag-northern-america","tag-oceania","tag-oil-shortage","tag-oil-supply-concerns","tag-petrol-stockpiles","tag-petrol-stocks","tag-queensland","tag-regional-areas","tag-revealed-stockpile-numbers","tag-south-eastern-asia","tag-strategic-reserve","tag-supply-chain","tag-supply-problem","tag-uk","tag-united-kingdom","tag-united-states-of-america","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/488850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=488850"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/488850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/488851"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=488850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=488850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=488850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}