Australia maintains a robust reserve of petrol, reassuring citizens with its stockpile status.
The country currently possesses a 34-day supply of diesel and a 36-day supply of unleaded petrol, figures which exclude the amounts already distributed within the retail network.
Rowan Lee, the chief executive of ACAPMA, has highlighted that Australia’s oil reserves are secure, even in scenarios where the Strait of Hormuz remains inaccessible.
In a statement to the ABC, he explained, “More than half of our fuel is sourced from Singapore, which receives its oil from countries like South Korea, Japan, Brunei, Malaysia, and India.”
He emphasized, “We rely minimally on oil from the Middle East.”
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