The Australian Government has announced a package of measures to broaden its fuel supply and correct supply chain disruptions within its domestic market (Australian Government press release, 23/04/2026). The actions include tax cuts on fuels - halving the Australian fuel excise and reducing the GST revenues by nearly 11% over the April-June 2026 period - and the application of a zero-rate charge for heavy vehicles over the same 3-month period.
In March 2026, Australia approved its National Fuel Security Plan to coordinate its local governments to keep its economy going while reducing its fuel consumption to save it for essential services. The country is currently on the Stage 2 of its plan, with the government being in coordination to secure additional shipments, monitor stock levels and manage distribution. Since then, the Government has passed legislation to provide the Export Finance Australia (EFA) with new capabilities to create a Strategic Reserve and guarantee fuel cargoes and other strategic reserves. The EFA has secured approximately 1.8 mbl of additional diesel so far (100 million litres from two shipments coming from Brunei and South Korea, and through the purchase of more than 570 kbl of additional diesel from Viva Energy).
The country has also appointed a Fuel Security Taskforce Coordinator, to support the local governments to ensure Australia’s preparation to face a fuel and supply chain challenges arising from the conflict in the Middle East.
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