Under the Albanese Government’s new Strategic Reserve powers, a further 200 million litres of additional diesel for Australia has been secured, and work has commenced with leading fertiliser companies to secure more supply at this critical time in the growing season.
The Government has partnered with BP Australia and continued our partnership with Viva Energy, taking the total additional diesel secured in the last seven days to approximately 300 million litres or over 1.8 million additional barrels to keep Australia moving.
Work continues with Ampol, Park Fuels, IOR and other fuel suppliers, to secure additional fuel shipments in coming days and weeks.
The Government is also working with leading fertiliser companies Incitec Pivot and CSBP to help secure and deliver essential fertiliser for Australian farmers.
This package involves price risk support to protect importers from extreme price volatility and ensure additional fertiliser arrives in Australia for the current and upcoming growing seasons.
The Albanese Government will continue to secure essential fuel and fertiliser supplies, and work with our industry partners to ensure it is directed to where it is needed most, to shield Australians from the worst impacts of the conflict in the Middle East, and to keep our nation and our people moving.
Quotes attributable to the Prime Minister
“As conflict in the Middle East and global volatility continues, we are working to shield Australians from the worst of the impacts.
“We want to keep our people, our economy and our nation moving, which is why we’re
working with industry to quickly secure additional shipments of fuel and fertiliser.”
Quotes attributable to Minister Farrell
“With approximately 300 million additional litres of diesel secured and new partnerships for securing fertiliser, we’re ensuring our farmers can keep planting, our trucks can keep driving and our economy can keep moving.
“We’re using our new Strategic Reserve powers to direct essential supplies to the industries and regions which need them the most in the face of the continued conflict in the Middle East.”
Quotes attributable to Minister Bowen
“We are working with industry to shield Australians from global uncertainty and keep our nation moving.
“By providing support to secure approximately 300 million litres of diesel, together with existing contracted supply that’s flowing to Australia, we are securing the essential fuel supplies for the regions and industries that need it.”
Quotes attributable to Minister Collins
“We understand how critical fertiliser is for Australian farmers, for our food production system and the food security of our region - that’s why I have been working with industry to support getting fertiliser to Australian farmers.
“This is a significant outcome for our farmers and will support industry to secure and deliver the fertiliser we need sooner.
“Our Government will continue working with our farmers to help manage the global impacts of the conflict in the Middle East.”