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The Guardian - AU
The Guardian - AU
National
Tom McIlroy and Patrick Commins

Chris Bowen urges motorists not to panic-buy petrol as oil prices jump amid Iran conflict

Chris Bowen Oil Petrol Iran Australia Jim Chalmers
A motorist fills a car with fuel at a petrol station in Sydney.
Petrol prices are likely to track higher in Australia over the coming week as wholesale prices feed through to the bowser. Photograph: Tim Wimborne/Reuters

The energy minister, Chris Bowen, says motorists should not panic-buy fuel amid the escalating conflict in the Middle East, with refiners assuring the federal government the country has secure supply to last through to May.

Australia currently has about 36 days of petrol supply in reserve, as well as 34 days of diesel and 32 days of jet fuel, well below international benchmarks.

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