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AAP
AAP
Business
Aaron Bunch

Fuel stocks look secure into August as price hike eases

Chris Bowen Petrol Brisbane Melbourne Sydney Energy
Energy Minister Chris Bowen says the government is managing fuel shortages as prices decline. (Susie Dodds/AAP PHOTOS)

Australia has enough fuel reserves to last almost three months, as petrol prices at the bowser drop to near pre-Middle East war levels.

The stock includes 43 days' worth of petrol, 36 days' worth of diesel, and 30 days' worth of jet fuel, with billions of litres more fuel being shipped, Energy Minister Chris Bowen said on Saturday.

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