{"id":27660,"date":"2026-03-13T03:30:12","date_gmt":"2026-03-13T03:30:12","guid":{"rendered":"https:\/\/microvibenews.com\/?p=27660"},"modified":"2026-03-13T03:30:12","modified_gmt":"2026-03-13T03:30:12","slug":"australian-minister-for-energy-lowers-fuel-standards-for-60-days-amid-rising-oil-prices-panic-buying","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=27660","title":{"rendered":"Australian Minister for Energy lowers fuel standards for 60 days amid rising oil prices, panic buying"},"content":{"rendered":"<p><\/p>\n<div lang=\"en\" dir=\"ltr\">\n<div class=\"infobox noprint desktop-only\" style=\"margin-left: 5px; float: right; width: 200px; background: #edf7ff; border: solid #666666 1px; padding: 0px; font-size: x-small; clear:right;\">\n<p>Related articles<\/p>\n<p>Location of Australia<\/p>\n<div style=\"padding: 2px;\">\n<figure class=\"mw-halign-center\" typeof=\"mw:File\"><a href=\"https:\/\/en.wikinews.org\/wiki\/File:Australia_(orthographic_projection).svg\" class=\"mw-file-description\"><img loading=\"lazy\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/7\/7d\/Australia_%28orthographic_projection%29.svg\/250px-Australia_%28orthographic_projection%29.svg.png\" decoding=\"async\" width=\"175\" height=\"175\" class=\"mw-file-element\" srcset=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/7\/7d\/Australia_%28orthographic_projection%29.svg\/330px-Australia_%28orthographic_projection%29.svg.png 1.5x, https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/7\/7d\/Australia_%28orthographic_projection%29.svg\/500px-Australia_%28orthographic_projection%29.svg.png 2x\" data-file-width=\"541\" data-file-height=\"541\"\/><\/a><figcaption\/><\/figure>\n<\/div>\n<p>Collaborate!<\/p>\n<figure class=\"mw-halign-center\" typeof=\"mw:File\"><a href=\"https:\/\/en.wikinews.org\/wiki\/Category:Australia\" title=\"Australia\"><img loading=\"lazy\" alt=\"Australia\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/b\/b9\/Flag_of_Australia.svg\/60px-Flag_of_Australia.svg.png\" decoding=\"async\" width=\"60\" height=\"30\" class=\"mw-file-element\" srcset=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/b\/b9\/Flag_of_Australia.svg\/120px-Flag_of_Australia.svg.png 1.5x\" data-file-width=\"1280\" data-file-height=\"640\"\/><\/a><figcaption>Australia<\/figcaption><\/figure>\n<\/div>\n<p><strong class=\"published\"><span id=\"publishDate\" class=\"value-title\" title=\"2026-03-13\"\/>Friday, March 13, 2026<\/strong><br \/>\n<span class=\"Z3988\" style=\"display:none\" title=\"ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rfr_id=rfr_id=info:sid\/en.wikinews.org:User%3ADendodge&amp;rft_id=info:sid\/en.wikinews.org:Australian_Minister_for_Energy_lowers_fuel_standards_for_60_days_amid_rising_oil_prices,_panic_buying&amp;rft.atitle=Australian+Minister+for+Energy+lowers+fuel+standards+for+60+days+amid+rising+oil+prices%2C+panic+buying&amp;rft.jtitle=Wikinews&amp;rft.date=2026-03-13&amp;rft.aucorp=Wikinews+contributors&amp;rft.genre=article&amp;rft.rights=CC-BY+2.5&amp;rft.identifier=%2F%2Fen.wikinews.org%2Fwiki%2FAustralian_Minister_for_Energy_lowers_fuel_standards_for_60_days_amid_rising_oil_prices%2C_panic_buying&amp;rft.artnum=-\">\u00a0<\/span>\n<\/p>\n<p><span class=\"interwiki-link-foreign\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Chris_Bowen\" class=\"extiw\" title=\"w:Chris Bowen\">Chris Bowen<\/a><\/span>, <span class=\"interwiki-link-local\"><a href=\"https:\/\/en.wikinews.org\/wiki\/Australia\" class=\"mw-redirect\" title=\"Australia\">Australian<\/a><\/span> <span class=\"interwiki-link-foreign\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Minister_for_Climate_Change_and_Energy\" class=\"extiw\" title=\"w:Minister for Climate Change and Energy\">Minister for Climate Change and Energy<\/a><\/span>, allowed the usage of dirtier fuel with elevated sulfur content for 60 days, he announced on Thursday. As a part of the change, the oil refineries were required to prioritise supply to farmers in rural areas. This decision followed issues with oil exports caused by the ongoing Middle East conflict, as fuel prices rose rapidly to over <span class=\"interwiki-link-foreign\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Australian_dollar\" class=\"extiw\" title=\"w:Australian dollar\">A$<\/a><\/span>2\/L.\n<\/p>\n<p>The lower quality oil was previously exported to countries with lower fuel standards. With the new temporarily changes in place, it would now be allowed to be used in Australia. One of the two oil refineries, <span class=\"interwiki-link-foreign\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Ampol\" class=\"extiw\" title=\"w:Ampol\">Ampol<\/a><\/span>, noted rural areas supply would be prioritised.\n<\/p>\n<p>Additionally, Bowen announced Australia would release 100 million liters from its reserve oil supply per month, in response to a request from the <span class=\"interwiki-link-foreign\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/International_Energy_Agency\" class=\"extiw\" title=\"w:International Energy Agency\">International Energy Agency<\/a><\/span> (IEA).\n<\/p>\n<table cellpadding=\"10\" align=\"left\" style=\"border-collapse:collapse; background-color:#EEEEEE; border-style:none\" class=\"cquote\">\n<tbody>\n<tr>\n<td width=\"10\" valign=\"top\"><span typeof=\"mw:File\"><a href=\"https:\/\/en.wikinews.org\/wiki\/Australian_Minister_for_Energy_lowers_fuel_standards_for_60_days_amid_rising_oil_prices,_panic_buying\" title=\"Australian Minister for Energy lowers fuel standards for 60 days amid rising oil prices, panic buying\"><img loading=\"lazy\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/4\/4d\/Cquote1.svg\/20px-Cquote1.svg.png\" decoding=\"async\" width=\"10\" height=\"8\" class=\"mw-file-element\" data-file-width=\"40\" data-file-height=\"30\"\/><\/a><\/span>\n<\/td>\n<td width=\"200\" valign=\"center\" style=\"font-size:smaller\">If [the Strait of Hormuz] shipping route remains effectively closed then that will have ongoing consequences for fuel prices, production, supply chains and of course an inflationary impact right around the world. &#8211;Prime Minister Anthony Albanese\n<\/td>\n<td width=\"10\" valign=\"bottom\"><span typeof=\"mw:File\"><a href=\"https:\/\/en.wikinews.org\/wiki\/Australian_Minister_for_Energy_lowers_fuel_standards_for_60_days_amid_rising_oil_prices,_panic_buying\" title=\"Australian Minister for Energy lowers fuel standards for 60 days amid rising oil prices, panic buying\"><img loading=\"lazy\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/1\/1a\/Cquote2.svg\/20px-Cquote2.svg.png\" decoding=\"async\" width=\"10\" height=\"8\" class=\"mw-file-element\" data-file-width=\"40\" data-file-height=\"30\"\/><\/a><\/span>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The issue appeared related to the growing demand while supply was essentially unchanged. As people stockpiled fuel, and the demand has doubled, there were concerns over panic buying by Australians. Prime Minister Anthony Albanese commented on longer term impacts of the situation on economics in Australia, talking with <i>ABC Television<\/i> on Thursday.\n<\/p>\n<p>President of the <span class=\"interwiki-link-foreign\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/National_Farmer_Federation\" class=\"extiw\" title=\"w:National Farmer Federation\">National Farmer Federation<\/a><\/span> commented noting the government regulation was direly needed in this situation as farmers and fishers were struggling to access fuel, especially in remote areas. He also noted that government should prepare strategies in case the situation &#8216;deteriorates&#8217;, mentioning access to diesel was a pre-requisite for the farmers running the agricultural areas, collecting crops, transporting crops, and providing food to the country.\n<\/p>\n<p>In reserve, Australia had 36 days worth of petrol, 32 days worth of diesel, and 29 days worth of jet fuel, respectively. These fell short of the 90 days requirement under obligations for the IEA, of which Australia is a member. Opposition was calling on the government to ensure fuel security, <i>ABC News<\/i> reported.\n<\/p>\n<p><!-- \nNewPP limit report\nParsed by mw&#8208;web.eqiad.main&#8208;7fc9fc76f&#8208;4jk4k\nCached time: 20260313030846\nCache expiry: 604800\nReduced expiry: true\nComplications: [vary&#8208;revision&#8208;sha1, prevent&#8208;selective&#8208;update]\nCPU time usage: 0.149 seconds\nReal time usage: 0.215 seconds\nPreprocessor visited node count: 1272\/1000000\nRevision size: 3065\/2097152 bytes\nPost&#8208;expand include size: 41331\/2097152 bytes\nTemplate argument size: 16822\/2097152 bytes\nHighest expansion depth: 23\/100\nExpensive parser function count: 11\/500\nUnstrip recursion depth: 0\/20\nUnstrip post&#8208;expand size: 4530\/5000000 bytes\nLua time usage: 0.041\/10.000 seconds\nLua memory usage: 1646744\/52428800 bytes\nNumber of Wikibase entities loaded: 0\/500\n--><br \/>\n<!--\nTransclusion expansion time report (%,ms,calls,template)\n100.00%  169.280      1 -total\n 62.30%  105.457      1 Template:Australia\n 61.34%  103.838      2 Template:Infobox\n 60.16%  101.846      1 Template:Infobox\/p1\n 59.07%   99.996      1 Template:Infobox\/p2\n 58.04%   98.253     14 Template:Evalx\n 46.58%   78.851     13 Template:Infobox\/lookup\n 28.67%   48.529      1 Template:InfoboxStart\n 16.56%   28.033      1 Template:Publish\n 16.49%   27.914      2 Template:Infosection\n--><\/p>\n<p><!-- Saved in parser cache with key enwikinews:stable-pcache:3083848:|#|:idhash:canonical and timestamp 20260313030846 and revision id 4996576. Rendering was triggered because: unknown\n -->\n<\/div>\n<p>#Australian #Minister #Energy #lowers #fuel #standards #days #rising #oil #prices #panic #buying<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Related articles Location of A&hellip; <\/p>\n","protected":false},"author":1,"featured_media":24431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/27660"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27660"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/27660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/24431"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}