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Thursday, March 12, 2026
Chris Bowen, Australian Minister for Energy, allowed the usage of dirtier fuel with elevated sulfur content of up to 50 parts per million for 60 days, he announced on Thursday. This decision followed issues with oil exports caused by the ongoing Middle East conflict, as the fuel prices rose rapidly to over $2/L.
The lower quality oil was previously exported to countries with lower fuel standards. With the new temporarily changes in place, it would now be allowed to be used in Australia. One of the two oil refineries, Ampol, noted rural areas supply would be prioritised.
Additionally, Chris Bowen announced Australia would release 100 million liters from its reserve oil supply, in response to a request from the International Energy Agency (IEA).
The issue appeared related with the growing demand while supply was essentially unchanged. As people stockpiled fuel, and the demand has doubled, there were concerns over panic buying by Australians.
In reserve, Australia had 36 days worth of petrol, 32 days worth of diesel, and 29 days worth of jet fuel, respectively. These fell short of the 90 days requirement under obligations for the IEA, of which Australia was a member.
