Australia's federal energy minister Chris Bowen has declared the country "well-placed" to weather the ongoing international fuel supply crisis, revealing that Australia now holds more fuel reserves than when the crisis began. The government has secured significant supply commitments, with 56 ships carrying fuel currently en route to Australia and four billion litres of fuel locked in for delivery over the next four weeks, including two billion litres of diesel, 577 million litres of petrol, 516 million litres of jet fuel and 813 million litres of crude oil.

Current fuel reserves show Australia has 43 days' supply of petrol, 33 days of diesel and 28 days of jet fuel. Despite these assurances, Bowen warned that supply chain impacts would persist even if the Middle East conflict ended immediately, noting that normalisation would not occur overnight even if critical shipping routes like the Strait of Hormuz reopened. The update comes as truck drivers continue to call for government relief measures to address high fuel costs, with Bowen indicating the government remains open to considering additional support for affected businesses.