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Government doesn't rule out fuel rationing possibility, but says supplies still arriving as normal
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Chris Bowen declares rush on jerry cans ‘un-Australian’ as he urges end to panic buying of petrol
Energy minister says country’s fuel supply has yet to be affected by war after meeting with suppliers and retailers
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Chris Bowen has insisted the country’s fuel supply is yet to be affected by the war in the Middle East while criticising a rush to buy jerry cans to fill up with petrol as “un-Australianâ€.
The energy minister made the comments after an emergency meeting with major fuel suppliers and retailers that was convened by the Australian Competition and Consumer Commission (ACCC) to demand explanations for the recent surge in petrol prices.
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Is it time to ration petrol and diesel?
As the Iran war enters its third week, the ripple effect is growing around the world as the global oil supply through the Strait of Hormuz is disrupted.
In Australia, petrol and diesel prices are soaring and in some regional areas the bowsers have run dry.
Today, David Leaney, an international supply chain expert from the ANU on how panic buying is driving prices higher and why the government should start restricting sales.
David Leaney, international supply chain management consultant and Lecturer at Australian National University
Sam Hawley: With the Iran war entering its third week, the ripple effect is growing around the world as the global oil supply is crippled. Here, petrol and diesel prices are soaring. In some regional areas, supply has run out. Today, David Leaney, an international supply chain expert from the ANU, on how panic buying is driving prices higher and why the government should start restricting sales. I'm Sam Hawley on Gadigal land in Sydney. This is ABC News Daily.
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