
❗️Tight domestic diesel supplies due to limited stockpiles and far-flung distribution networks are rattling Australia's farming and mining sectors, the main users of the transport fuel, as the Iran war disrupts global oil supplies.
With the war squeezing fuel availability, China banned exports of diesel, gasoline and jet fuel last week, heightening fears of fuel shortages. Australia, Bangladesh and the Philippines are especially reliant on Chinese fuel supply.
Australia holds stockpiles far below global standards and last year imported 84% of its petroleum product needs, government statistics show.
🤡PS. The whole world including Reuters accepts that Australia is in a fuel crisis but energy minister Chris Bowen says there is nothing to worry about. Go figure?






