00:03Australia will temporarily relax fuel quality standards for 60 days as the Iran war disrupts oil supplies and drives up
00:11prices.
00:12Energy Minister Chris Bowen said on Thursday the move will raise the sulfur limit in fuel to 50 parts per
00:18million from the usual 10,
00:20allowing an additional 100 million liters of fuel per month to ease supply shortages.
00:25He said the additional fuel supply must help those who need it most, including farmers, fishers and regional communities.
00:33This extra supply will be prioritized for regional Australia and for the spot market to take pressure off those regional
00:40areas feeling such pressure.
00:42Fuel supplies continue to arrive in Australia as scheduled and our fuel stocks remain very strong.
00:48Our minimum stock obligation is being held and is in excess.
00:53Bowen said Australia will continue its commitment to release an additional 400 million barrels of oil,
00:59though any supply released will remain within the domestic market.
01:03He said the move was voluntary and in Australia's national interest,
01:08adding the country currently holds more than a decade high reserves of petrol, diesel and jet fuel.
01:16A few months after the time of the time of the time of the time of the time of the
01:17time of the time of the time of the time of the time of the time of the time of
01:17the time of the time of the time of the time of the time of the time of the time
01:19of the time of the time of the time of the time of the time of the time of the
01:19time of the time of the time of the time of the time of the time of the time of
01:20the time of the time of the time of the time of the time of the time of the time
01:21of the time of the time of the time of the time of the time of the time of the
01:23time of the time of the time of the time of the time of the time of the time of
01:24the time of the time of the time of the time of the time of the time of the time
01:24of the time of the time of the time of the time of the time of the time of the
01:24time of the time of the time of the time of the time of the time of the time of
01:24the
Comments