Fuel Security
Background
The Minister for Resources declined to guarantee fuel availability during the Middle East conflict on ABC radio.
Question
The member asked whether the Minister for Resources was correct in refusing to guarantee that Australia would not run out of fuel due to the ongoing war in Iran.
Answer from Anthony Albanese
The Prime Minister stated that the government is implementing practical measures to shield households and businesses from global uncertainty, ensuring fuel access for farmers and regional communities. He noted that fuel shipments are arriving as expected, but acknowledged that prolonged conflict could impact global prices and supply chains, citing that 20 per cent of world oil moves through the Strait of Hormuz. He highlighted the International Energy Agency's release of 400 million barrels of oil and confirmed that the government is directing more domestic fuel to the Australian market. The Prime Minister emphasized that fuel security has been a priority for four years, including stockpiling obligations, and recalled that the Leader of the Opposition previously advised against panic buying in 2021.
Summary in reported speech - not a transcript. AI-generated, so check the source.