Australian government plans for ‘worst-case scenario’ retail fuel rationing, documents reveal
Summary
The Australian government has plans for fuel rationing as a backup in case of a fuel shortage. This comes amid warnings from the International Energy Agency that global oil supplies will tighten by August due to problems in the Middle East.Key Facts
- The government may limit how much fuel a vehicle can buy in one day if there is a local fuel shortage.
- Fuel rationing is currently a "worst-case scenario" and not expected to be needed soon.
- The International Energy Agency warns oil markets will face supply problems by August.
- The Department of Climate Change, Energy, the Environment and Water is considering rationing plans if fuel supply management by petrol companies fails.
- The federal energy minister can declare a liquid fuel emergency and use powers to direct fuel supply or ration fuel.
- Government leaders have publicly said they do not expect to need rationing.
- Other countries have limited fuel purchases and asked people to reduce travel during fuel crises.
- The government has increased fuel stockpiles by buying extra diesel and jet fuel and included a $10 billion package for fuel security.
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