Australia extends diesel stock‑holding relief to boost fuel security

The Albanese government announced a three‑month extension, until 30 September 2026, of the temporary reduction in the Minimum Stockholding Obligation (MSO) for petrol and diesel. Suppliers may keep 20 % less fuel in reserve if they commit to delivering additional volumes, a move aimed at maintaining domestic fuel security amid global supply pressures, including the ongoing closure of the Strait of Hormuz.

Energy Minister Chris Bowen said 46 fuel ships are currently en route to Australia and about 3.3 billion litres of diesel, petrol, jet fuel and crude oil have been contracted for delivery over the next four weeks. Domestic fuel reserves have risen to record levels, with diesel stocks measured at roughly 2,973 megalitres (including offshore) and on‑shore holdings of about 2,379 megalitres, about 80 % of the MSO target.

The extension provides flexibility for importers and refineries to respond quickly to any further spikes in demand while keeping overall stock levels sufficient to meet consumption needs.