Australia tells consumers no need to panic buy petrol over Iran war as stocks high
Published on March 3, 2026.
Australian Energy Minister Chris Bowen has assured that there is no need to panic about fuel shortages due to the ongoing U.S.-Israeli war. The country has 36 days of petrol, 34 days of diesel, and 32 days of jet fuel in reserve, the highest level in over a decade. While petrol costs may be under pressure due to a spike in oil prices, regulators will take action against price gouging.
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